Property Overview: 783 Manitoba Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic one-and-a-half storey home in Burrows Central, built in 1911. Its primary appeal lies in its solid, above-average living space (1,190 sq ft) for both its immediate street and neighborhood, offering more room than many comparable homes nearby. The property sits on a standard city lot (3,580 sq ft) and features a detached garage. The basement exists but is noted as not renovated, presenting a blank canvas for future development.
The home suits practical buyers looking for value and potential in an established neighborhood. It’s a fit for first-time homeowners comfortable with a property that has good fundamentals but may require updates, or for investors seeking a character home with a stable assessment value relative to the area. A thoughtful perspective is that while the home’s age is well above average, this often comes with sturdy construction and established, mature streetscapes not found in newer subdivisions. Its assessed value is modest, especially citywide, which can translate to lower property tax burdens compared to newer builds with similar space.
Frequently Asked Questions
1. What does "above average living area for the neighborhood" actually mean?
In direct comparison to similar homes in Burrows Central, this house offers more interior space than roughly 83% of them, making it a relatively spacious option in this market segment.
2. Is the older year of construction (1911) a major concern?
It indicates that major systems (roof, wiring, plumbing) may need evaluation or updating. However, it also suggests the home has enduring character and build quality. A thorough inspection is essential to understand the condition and any modernization needs.
3. How should I interpret the "not renovated" basement?
This means the basement is in original or utility condition. It’s a functional space but not finished as living area. This represents both a cost-saving on the purchase price and a clear opportunity for future value addition, subject to moisture checks and proper permitting.
4. The assessed value seems low compared to city averages. Why?
The assessed value is primarily for municipal tax purposes and reflects the home’s value relative to similar properties in its specific area and condition. The significant gap from the citywide average highlights the variation in property values across different Winnipeg neighborhoods.
5. Who would this property not suit?
It may not suit buyers seeking a move-in-ready, modernized home without any projects, or those who prioritize brand-new builds and amenities. The value here is in the existing space and the potential to customize over time.