Property Overview: 880 Manitoba Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1926, presents a straightforward opportunity centered on its land and location. With a 1,056 sqft living space, it offers functional room sizes typical for its era. The property includes a basement, though it is noted as not renovated, and there is no garage or pool.
Its primary appeal lies in its substantial 3,547 sqft lot, which is notably larger than many city-wide comparables. This positions the property well for buyers who value outdoor space or future expansion potential in a central Winnipeg neighbourhood. The home suits pragmatic first-time buyers, investors looking for a land-value play, or those seeking a lower-cost entry into the market with a vision to renovate over time. Its assessed value is significantly below the Winnipeg average, suggesting a manageable property tax burden and a price point that allows room for investment in updates. A thoughtful perspective is that while the home itself requires modernization, its lot size and location on a main avenue offer a balance of classic character and practical utility that is becoming harder to find.
Section 2: Frequently Asked Questions
1. What is the condition of the home?
The listing notes the basement is "not renovated," which suggests the home likely requires updates and cosmetic improvements throughout. Prospective buyers should budget for modernization and plan for a thorough inspection.
2. How does the lot size compare to others?
The land area of 3,547 sqft is above average for both the immediate neighbourhood and the broader Burrows Central area, offering more yard space than many nearby properties.
3. What is the typical buyer for this home?
It best suits value-conscious buyers, such as first-time homeowners comfortable with a project, or investors interested in the underlying land value and the rental potential in a central location.
4. Are there any major drawbacks?
The lack of a garage and an unrenovated basement are practical considerations. Being situated on Manitoba Avenue, a main thoroughfare, may also mean increased traffic noise compared to a side street.
5. How does its assessed value affect property taxes?
With an assessed value significantly below the Winnipeg city average, the property tax burden is likely proportionally lower, which can help offset the costs of future renovations or improvements.