Property Overview: 842 Manitoba Avenue
Key Characteristics & Appeal
This is a classic one-and-a-half storey home in Winnipeg's Burrows Central neighbourhood, built in 1911. With 940 square feet of living space on a 3,547 sqft lot, its size is very typical for the immediate area. The home presents a straightforward opportunity: it has an unrenovated basement and no garage, indicating it is likely a fixer-upper or a value-conscious entry point into the market.
The primary appeal lies in its land value and location on a main artery. While the house itself is modest, the lot size is above average for the city overall, offering potential for future expansion or outdoor space. The assessed value is significantly below the Winnipeg average, suggesting a lower property tax burden and an accessible price point. This property would suit a first-time buyer comfortable with a project, an investor looking for a land-value play, or someone seeking a minimal footprint with lower ongoing costs. It’s a practical choice for those who prioritize location and lot potential over immediate move-in condition.
Frequently Asked Questions
1. What does "unrenovated basement" typically mean?
It usually indicates a basement in its original or rough state, likely with concrete floors, exposed foundations, and basic utilities. It may be suitable for storage or laundry but would require significant investment to finish as living space.
2. How does the lack of a garage affect daily life and value?
On-street parking is the norm here. While this reduces private storage and winter convenience, it also means lower maintenance costs and one less structure to repair or insure, which can be appealing for a budget-focused buyer.
3. The home sold for $15,400 in 2021 but is now assessed at $160,000. Why the large difference?
The 2021 sale price is extremely low and may have been a non-arms-length transaction (like between family members) or sold in a state of major disrepair. The current assessed value is a municipal estimate for taxation, which is often closer to market value for standard sales.
4. What are the pros and cons of being on Manitoba Avenue?
Pros include easy access to major routes and public transit. The cons are typically higher traffic noise and less residential privacy compared to a side street. It's a trade-off between convenience and ambiance.
5. With a construction year of 1911, what should I be most concerned about?
Key focuses for a home of this age should be the condition of the foundation, the roof, the plumbing and electrical systems (which may need updating to modern standards), and the presence of any historical materials like lead paint or asbestos that require special handling during renovations.