Property Overview: 826 Manitoba Avenue
Key Characteristics & Appeal
This is a classic two-storey home built in 1903, presenting a solid opportunity on a generous lot. Its primary appeal lies in its above-average living space (1,312 sq ft) and a land area (4,602 sq ft) that is notably larger than most in the immediate neighbourhood and on Manitoba Avenue itself. This combination offers room to grow, garden, or simply enjoy more outdoor space than is typical for the area. The home includes a detached garage and an unrenovated basement, indicating a property that has been maintained in its original state rather than modernized.
It suits buyers looking for a character home with clear potential, whether that's for gradual updates or a long-term hold on a sizable parcel of land. The very low assessed value, especially compared to the Winnipeg city average, suggests a property positioned for value-conscious entry into the market or for investors focused on land value. A thoughtful perspective here is that the home's age and condition shift the focus from immediate move-in readiness to long-term potential; its value is anchored more in its spatial footprint and location than in its current finishes.
Frequently Asked Questions
1. What does the low assessed value indicate?
The assessed value is significantly below the Winnipeg city average, which typically reflects the home's age, condition, and local market factors rather than its sale price. It often suggests a lower property tax burden, but the sale price will be determined by the current market.
2. Is the large lot a common feature here?
No. The lot size is in the top 12% for the Burrows Central neighbourhood, making it a standout feature. This provides more private outdoor space and future flexibility than most comparable properties in the area.
3. The home is over 120 years old. What should I consider?
While the structure has proven its durability, a pre-purchase inspection is essential. Key focus areas for a home of this era would include the foundation, roof, wiring, plumbing, and heating systems to understand what maintenance or updates may be needed.
4. How does the living space compare?
The living area is comfortably above average for both the street and the neighbourhood, offering more interior space than many nearby homes. It is, however, close to the citywide average for living area.
5. What is the context of the last sale price?
The home sold for $200,000 in 2017. This historical price is a data point, but the current market value will be influenced by factors such as market conditions over the last seven years, the property's current state, and its unique lot size.