Property Overview
This one-and-a-half storey home on Manitoba Avenue presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Built in 1921, its key appeal lies in offering more interior space than many nearby homes, with a renovated basement adding functional living area. The property sits on a standard city lot with a detached garage.
Its strongest characteristic is its living area of 1,347 sq ft, which ranks well above the average for both the street and the broader neighbourhood. This suggests a home that feels more spacious inside than its exterior or assessed value might imply. The 2019 sale price of $190k positioned it as an affordable option city-wide, though it was around the median for its immediate area. The home would likely suit first-time buyers, practical investors, or downsizers seeking a character home with updated fundamentals (the basement) without a premium price tag. A thoughtful perspective is that while its city-wide rankings for land size and year built are lower, it outperforms its direct local peers in living space—a potential value for those prioritizing interior room over a newer build or a larger yard.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or rooms. A buyer should inquire about the basement's ceiling height, legal egress, and the specific updates made (e.g., flooring, plumbing, electrical) to understand its full utility.
2. How does the assessed value relate to the likely market price?
The assessed value is significantly lower than the 2019 sale price, which is common. Assessments for municipal tax purposes rarely reflect current market value. The past sale price and prices of comparable nearby listings are more relevant for determining today's market value.
3. What are the implications of the home's age (1921)?
While the home has character, it necessitates a focus on maintenance. A pre-purchase inspection is crucial to check the condition of major aging components like the foundation, roof, plumbing, and wiring, which may have been updated over time but could require attention.
4. The living area ranks high locally, but the lot size is average. What does this mean?
This indicates the home's footprint likely utilizes a good portion of the lot. It's efficient for living space but may mean smaller outdoor areas or less room for expansion compared to homes with larger lots. The trade-off is more interior room for the price.
5. Who are the typical buyers in this area?
Based on the data showing solid value within the neighbourhood, the area attracts buyers looking for affordability and community in a central Winnipeg location. It's often suited to those who prioritize practical homeownership and living space over newer construction or prestige addresses.