1564 Manitoba Avenue

Property Overview: 1564 Manitoba Avenue, Winnipeg

Key Characteristics & Appeal

This is a modest, one-and-a-half storey home built in 1948, situated on a notably spacious lot of approximately 4,860 square feet. The property's primary appeal lies in its land value and potential, rather than its current living space, which is a compact 824 square feet and includes an unrenovated basement. It features a detached garage.

The home suits a specific buyer: an investor, developer, or hands-on owner looking for a land-play or a foundational project. Its above-average lot size for the street presents opportunities for expansion, garden space, or future redevelopment, subject to zoning. The very low assessed and recent sale values indicate it is a true fixer-upper or blank canvas. It would not suit someone seeking a move-in-ready or spacious home, but rather a practical entry into the market where the value is primarily in the property footprint and the owner's vision.

Frequently Asked Questions

1. Is this a tear-down property?
While the data doesn't state this explicitly, the combination of a very small, older home, an unrenovated basement, and a sale price significantly below city averages suggests it's a prime candidate for major renovation or redevelopment. A professional inspection is essential to determine viability.

2. What does the lot size allow for?
At nearly 5,000 sq ft, the lot is larger than many in the immediate area. This could allow for a substantial addition, the creation of outdoor living space, or, if local zoning permits, potential subdivision or the building of a secondary suite. Buyers should verify all options with the city.

3. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's current state and market position. The low value is directly tied to the home's small size, age, lack of renovation, and its location within a neighbourhood where average values are below the citywide norm.

4. Who would this property not be suitable for?
It is not suitable for buyers needing immediate, modern living conditions, families requiring substantial indoor space, or anyone unwilling to undertake significant renovation or rebuilding projects. Its value is project-based.

5. How does it compare to its neighbours?
The home itself is smaller and older than many on its street and in Burrows-Keewatin. However, its land parcel is larger than average for Manitoba Avenue, which is its standout feature. This creates a dynamic where the property underperforms in living standards but holds an asset (the land) that outperforms its immediate locale.