Property Overview & Appeal
This one-storey home at 244 Battery Street presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its key characteristic is its modest scale, with 680 square feet of living space on a notably larger 2,216 sqft lot. Built in 1924, the home includes a basement but it is not renovated, and there is no garage or pool. The appeal lies in its fundamentals: a very low assessed value, a land size that ranks in the top 2% for the immediate neighbourhood, and a living area that is above average for both the street and the wider city. This suggests a property where the value is anchored more in its land and location than in its current structure.
It would suit a first-time buyer or an investor looking for an entry point into the market with a clear, unrenovated canvas. The large lot for the area offers future potential for expansion or outdoor space, which is a less obvious advantage for a home of this size. It's a practical choice for someone comfortable with a project, whether immediate or long-term, rather than a buyer seeking a move-in-ready home.
Frequently Asked Questions
What does "basement, not renovated" typically mean?
It indicates the basement exists but is in original or unfinished condition. Buyers should budget for any desired improvements and consider a thorough inspection for moisture, foundation, and systems like wiring or plumbing that may be outdated.
How significant is the lot size?
At 2,216 sqft, the lot is a standout feature for the neighbourhood. It provides more outdoor space than most nearby properties and could allow for future additions, a garden, or parking solutions, subject to local zoning.
Why is the assessed value so much lower than some nearby homes?
The assessed value is primarily for municipal tax purposes and reflects the home's age, condition, and modest improvements relative to others. It is not a market price. The significant gap between this assessment and some comparable listings suggests those homes have been substantially updated.
Is the living area of 680 sqft manageable?
For a single person, couple, or small family, it can be efficient. The layout will be crucial. The above-average ranking for living area in Winnipeg indicates many older homes in the city are similarly compact, making this a typical footprint for its vintage.
What should I consider given the age of the home (1924)?
While the structure has proven durability, essential systems like wiring, plumbing, and insulation likely need evaluation and may require updating to modern standards and efficiency. The unrenovated state means these costs will be for the new owner to address.