Property Overview: 1557 Manitoba Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This one-and-a-half storey home, built in 1948, sits on a solid 4,474 sqft lot in the Burrows-Keewatin neighbourhood. With 980 sqft of living space and a detached garage, it represents a classic Winnipeg property. Its primary appeal lies in its established location and lot size, offering a grounded entry point into the housing market.
The home suits first-time buyers, investors, or those seeking a lower-maintenance property with clear potential. Its assessed value is notably modest, which can translate to manageable property taxes. A thoughtful perspective here is its relative strength within the immediate area: while its size is average for the street, it ranks above average for living area within the broader neighbourhood, suggesting it may offer more interior space than many nearby comparables. The lot size is also firmly above average for the local context, providing valuable outdoor space or future potential that is not immediately apparent from the city-wide view.
Frequently Asked Questions
1. What does the sale history indicate?
The property last sold in July 2022 for $28,500, which was above the average sale price for both the street and the neighbourhood at that time, indicating perceived value or potential in the local market.
2. How do the property taxes likely compare?
With an assessed value of $21,600, which is significantly below the Winnipeg average, the municipal property tax burden for this home is expected to be relatively low.
3. Is the living space practical for a small family?
At 980 sqft, the living area is compact. It ranks above average for the Burrows-Keewatin area, suggesting it is a competitively sized home for the neighbourhood, but buyers should plan for efficient use of space.
4. What is the significance of the lot size?
The 4,474 sqft lot is in the top third for size on Manitoba Avenue. This is a key feature, providing more yard space than many neighbouring properties and offering options for gardening, expansion, or outdoor living.
5. How does this home compare to a brand-new build in the area?
The listing references a nearby property built in 2019 with a higher assessed value. This highlights a common trade-off: this 1948 home offers a much lower price and tax point, appealing to budget-conscious buyers, while newer builds command a premium for modern finishes and systems.