Property Overview: 840 Manitoba Avenue
Key Characteristics & Appeal
This is a well-established, one-and-a-half storey home built in 1926, situated on a standard 3,547 sqft lot in Burrows Central. With 1,024 sqft of living space and a renovated basement, it presents a practical footprint. The home’s primary appeal lies in its position as a solid, average contender within its immediate context. Its land size, living area, and assessed value all rank consistently in the middle of the pack for both its street and neighbourhood, suggesting a property that aligns with local norms rather than standing out as an exception. This can be a mark of stability and predictability.
It would suit a first-time buyer or an investor looking for an entry point into the Winnipeg market without the surprises of an outlier property. The renovated basement adds functional living space, appealing to those needing a bit more room or flexibility. A thoughtful perspective is that its "average" metrics might offer a smoother negotiation and appraisal process, as the home is easily comparable to many nearby sales. Its last sale was in 2017 for $200k, a price point that was below the citywide average at the time, indicating its long-standing role as a more affordable urban option.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand the quality and functionality of the space.
2. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should investigate on-street parking permits, typical availability, and consider the impact on vehicle storage during Winnipeg winters, as well as where seasonal items and tools would be stored.
3. The assessed value seems very low compared to the last sale price. Why?
The assessed value for taxation purposes ($20.20k) is not an indicator of market value. It is a figure used for calculating property taxes and is typically much lower than what a home sells for on the open market. The 2017 sale price of $200k is the relevant market benchmark.
4. Are the "average" rankings for year built a concern?
The home is older (1926) but is typical for its area. While it may require ongoing maintenance consistent with its age, its ranking shows it’s not an anomaly in the neighbourhood. A pre-purchase inspection is especially important to understand the condition of major systems.
5. What are the immediate next-door properties like?
The listing shows several directly adjacent homes on Manitoba Avenue, all within 30 meters. This suggests a closely built streetscape typical of central neighbourhoods. Viewing the property in person is essential to gauge the feel of this specific streetscape and proximity to neighbours.