Property Overview: 1075 Manitoba Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home on a standard city lot in the Burrows Central neighbourhood. Built in 1960, it is notably newer than many homes in the immediate area. The house itself is compact at just over 1,000 square feet of living space and features an unrenovated basement and a detached garage. The appeal here is fundamentally practical and value-oriented. Its assessed and recent sale value are significantly below the Winnipeg city average, positioning it as an accessible entry point into homeownership. The lot size, while below the city norm, is typical for the street and neighbourhood.
This property would suit a first-time buyer, an investor, or a hands-on individual looking for a straightforward, low-cost holding. Its strongest attribute is its relative newness within its historic context—it’s a 1960s home in a neighbourhood with many properties dating to the early 1900s, which may suggest fewer concerns related to extremely aged infrastructure. It’s not a move-in-ready showhome, but a pragmatic base for someone comfortable with gradual updates or seeking minimal financial overhead.
Section 2: Frequently Asked Questions
1. Is the basement finished or usable for living space?
No, the basement is noted as "not renovated." It provides functional space for utilities and storage but would require significant investment to convert into finished living areas.
2. How does the property’s value compare to the area?
The home’s assessed value is above the average for Burrows Central, but well below the average for Winnipeg as a whole. This indicates you are purchasing in a more affordable neighbourhood, but buying one of the more substantial properties within it.
3. What is the potential for expansion or adding value?
The lot size is standard for the street but below the city average, which may limit possibilities for large additions. The primary value-add opportunities would likely be interior modernizations and finishing the basement, subject to permits and budget.
4. The home is described as "one storey." Does it have any upper levels?
No, it is a single-level, bungalow-style dwelling. All primary living spaces are on the main floor, with the basement being unrenovated.
5. The sale price is very close to the assessed value. What does this indicate?
This close alignment suggests the sale was seen as fair and market-based, not driven by significant bidding competition or a distressed sale. It reflects a stable, value-conscious transaction.