Property Overview
This 1912 one-storey home at 853 Manitoba Avenue presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in a renovated basement and a detached garage, sitting on a 3,584 sqft lot that is larger than many city-wide comparables. The home itself is compact at 894 sqft of living space. The data suggests a property that is very average for its immediate street and area in terms of size and value, but one that stands out for its below-average assessed value compared to the wider Winnipeg market. This creates a specific value proposition.
It would suit a first-time buyer or an investor looking for a straightforward, lower-maintenance entry into the market with some modernized living space (the basement). The lot size also offers potential for future expansion or outdoor use, which is a notable asset in an older, central neighbourhood.
Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics aren't listed, a renovation in a home of this age and value typically focuses on creating a clean, functional living or utility space. It may include updated flooring, drywall, and lighting, possibly converting an unfinished area into a family room, office, or additional bedroom. It's important to verify the permits and scope of work.
2. How does the low assessed value impact property taxes?
A lower assessed value generally results in lower municipal property taxes, which is a financial advantage for the owner. However, it's also a signal that the property's appraised value for tax purposes is significantly below the Winnipeg city average, reflecting the home's age, size, and market position.
3. The home sold for $18.5K in 2017 and $9.5K in 2016. What does this indicate?
These very low sale prices, well below the current assessed value, strongly suggest the property was purchased as a land value or investment transaction, not as a move-in ready home. It indicates the property has likely seen significant improvement or change in use since 2017, which aligns with the noted basement renovation.
4. Is the older year of construction (1912) a concern?
It requires a pragmatic approach. While charm and character are possible, the priority should be a thorough inspection of fundamental systems like wiring, plumbing, and the foundation. The renovated basement is a positive update, but the overall structure is over a century old.
5. How does this property fit into the neighbourhood context?
The data shows it ranks above average in assessed value within Burrows Central itself, meaning it may be considered a higher-value property on its own block. This can be positive for stability but also means there may be less immediate upside from neighbourhood-driven value increases compared to surrounding, lower-valued homes.