Property Overview: 878 Manitoba Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1923, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its key features include a renovated basement and a detached garage on a standard 3,547 sqft lot. With 1,015 sqft of living space, it offers a manageable footprint for individuals, couples, or small families.
The appeal lies in its solid positioning within the local market context. While its size and age are modest by city-wide standards, the property stands out in its immediate area. Its assessed value ranks notably above average for Burrows Central, suggesting it may offer better-than-typical finishes or condition for the neighbourhood. The renovated basement adds functional living space, a valuable update for a home of this era.
This property would best suit value-conscious buyers looking for an established character home with some modern updates, without the premium of newer construction. It’s a practical choice for someone prioritizing location within the community over sheer size, and for whom a detached garage and a finished basement are meaningful assets. It represents a grounded entry into homeownership where the investment has been made more in the home's livability than in its land size.
Frequently Asked Questions
1. How does this home compare to others on the street and in the area?
The data shows this home is consistently around or above average for its immediate vicinity in key metrics like assessed value and living area, while being more modest compared to Winnipeg as a whole. This indicates it's a solid, representative property for Burrows Central.
2. What should I consider about a home built in 1923?
While the renovated basement is a plus, a home over 100 years old will have inherent character but also requires diligent inspection. Focus on the state of major systems (plumbing, electrical, foundation) and the roof, which have likely been updated over time but may need ongoing attention.
3. The lot is noted as "around average" for the area. Is that sufficient?
At approximately 3,547 sqft, the lot is typical for the neighbourhood. It provides adequate outdoor space for gardening or relaxation but is not oversized. The value here is in the home and its updates rather than in redevelopment potential based on land size.
4. The home last sold for $24,500 in 2018 but is now assessed at $240,000. What explains this?
The 2018 sale price is extremely low and not reflective of standard market value; it may have been a non-arms-length transaction (e.g., between family members) or sold in significantly different condition. The current assessed value is the relevant figure for understanding its municipal valuation today.
5. Who might this property not suit?
It may not suit buyers seeking a modern, open-concept layout, as one-and-a-half storey homes of this era often have more compartmentalized rooms. It's also less ideal for those requiring extensive square footage or a large, private yard, as both the home and lot are sized for practical, efficient living.