Property Overview: 1542 Manitoba Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, presents a practical opportunity in Winnipeg's Burrows-Keewatin neighbourhood. Its primary appeal lies in its generous 4,864 sqft lot, which is notably larger than many on Manitoba Avenue and in the surrounding area. This offers valuable outdoor space and potential for gardening, expansion, or simply more privacy than newer, denser lots provide. The 980 sqft living area is modest but competitively sized for the immediate neighbourhood. A detached garage adds functional storage or workshop space.
The home suits first-time buyers, investors, or handy homeowners looking for a property where the value is anchored in the land itself. Its assessed value is significantly below the Winnipeg city average, suggesting a lower property tax burden and a potential entry point into the market. The appeal here is less about a move-in-ready modern finish and more about solid fundamentals: a sizable lot in an established area with a straightforward, functional layout. It’s a property for those who see potential in the space and location, possibly viewing the older home as a canvas for renovation or valuing the lot for its long-term utility.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is 4,864 sqft, which is above average for Manitoba Avenue and for the Burrows-Keewatin neighbourhood, offering more outdoor space than many comparable properties.
2. What should I know about the home’s age and condition?
Built in 1948, the home is older than the Winnipeg city average. Prospective buyers should budget for potential updates to major aging systems like plumbing, electrical, or the roof, which is common for homes of this vintage.
3. Why is the assessed value so much lower than the city average?
The assessed value of $21,500 is for municipal tax purposes and reflects factors like the home's age, size, and specific location. It is not a market sale price. The last recorded sale was in 2017 for $170,000.
4. Who would this property be a good fit for?
It’s well-suited for buyers comfortable with a home that may need updates, or for investors interested in the lot size and neighbourhood fundamentals. Its scale and lot size also make it a potential fit for multi-generational living with space for an addition.
5. How does the living space feel for a family?
At 980 sqft, the living area is compact. The one-and-a-half storey design often means bedrooms are on a separate level, which can provide good separation of space despite the overall square footage. The large lot effectively extends the usable living area outdoors in warmer months.