Property Overview: 973 Manitoba Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, no-frills Winnipeg one-storey home built in 1927, situated on a standard 3,000 sqft lot in Burrows Central. Its key appeal lies in its fundamental value and potential as a straightforward entry point into homeownership. The 885 sqft living space is practical for a small household or first-time buyer. It features a detached garage and a basement, which offers storage or future expansion space, though it is noted as not being renovated.
The home’s standout characteristic is its very low assessed value, which places it in the bottom tier city-wide. This translates to correspondingly low property taxes, a significant and ongoing financial advantage. While the land size is modest for the street, the home presents itself as an affordable, functional property in a long-established neighbourhood.
This property would best suit a pragmatic first-time buyer, an investor looking for a rental property with low carrying costs, or a hands-on individual who values a low-tax base and sees potential in a home that requires updates over time. It is not a move-in-ready showhome, but a solid foundation for someone comfortable with a project.
Section 2: Frequently Asked Questions
1. What does the low assessed value mean for me?
Primarily, it means significantly lower annual property taxes compared to most homes in Winnipeg. This is a key financial benefit that improves long-term affordability.
2. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." You should plan for it as unfinished storage or utility space, with any finished living area requiring future investment.
3. How does the lot size compare to others?
At 3,000 sqft, the lot is smaller than average for both Manitoba Avenue and the city overall. This means smaller outdoor space but also less maintenance.
4. The home is almost 100 years old. What should I consider?
While the structure has proven its durability, a home of this age will likely have older major systems (like plumbing, electrical, and the roof). A thorough inspection is essential to understand any needed repairs or updates.
5. Are the recent sale prices of nearby similar homes a good indicator of value?
Yes. Recently sold comparable homes on Magnus and Alfred Avenues with similar assessed values and living areas provide a realistic benchmark for what buyers are currently paying in this immediate area.