Property Overview: 944 Manitoba Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic one-and-a-half storey home in Burrows Central, built in 1911, offering a blend of historic charm and practical updates. Its key feature is a renovated basement, adding valuable finished space to the 1,078 sqft main living area. The property sits on a 3,547 sqft lot, which is a versatile size for the neighbourhood. A detached garage provides additional storage or parking.
The appeal here is rooted in value and potential. While the home’s age is above average for the city, its assessed value ranks well above average for its immediate area and neighbourhood, suggesting it is viewed as a solid asset in its local market. It suits first-time buyers or practical investors looking for an entry into the market with a home that has already seen some modernization. It may also appeal to those who appreciate the character of an older home but want to avoid a full, top-to-bottom renovation project, as the basement work is already complete. A thoughtful perspective is that this property represents a "middle ground" in its context—it's not the newest or largest, but its above-average valuation for Burrows Central indicates a perceived stability and desirability that outperforms many direct peers.
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. A buyer should inquire about the scope of work, the quality of materials, and whether any permits were obtained for the renovation.
2. How does the recent sale price compare to the assessed value?
The home sold for $30,700 in December 2022, which is significantly lower than its current $270,000 assessed value. This large discrepancy is important to explore; it may relate to the nature of the prior sale (e.g., a transfer between family members) or significant improvements made since that time. Current market value is likely closer to the assessment.
3. What are the implications of a home built in 1911?
While offering charm, a home of this age will likely have older infrastructure. Buyers should budget for potential updates to wiring, plumbing, or the roof, and ensure a thorough inspection is completed to understand the condition of the original structure and foundation.
4. Is the lot size a pro or a con?
At 3,547 sqft, the lot is slightly below the city average but very typical for the central neighbourhood. It provides manageable outdoor space without excessive maintenance. For this area, it’s a standard, practical size.
5. How does this home compare to others on the street?
The data shows that for living space and assessed value, this home performs above or around average compared to its neighbours on Manitoba Avenue. This suggests it is a competitive property within its own streetscape, potentially offering more space or a higher perceived value than several homes nearby.