Property Overview
This 1955-built, one-storey home on Manitoba Avenue is defined by its substantial 6,186 sqft lot, which is its most standout feature. The living space is a modest 912 sqft, and the property includes a detached garage but no basement or pool. Its appeal is rooted in land value and potential. The lot size is notably larger than most in the immediate area and neighbourhood, ranking in the top 5% locally. This presents a clear opportunity for expansion, redevelopment, or simply enjoying more outdoor space than is typical for the price point. The home itself is a straightforward, older bungalow, reflected in its below-average citywide assessed value.
It would suit practical buyers looking for a land-play—investors, builders, or homeowners with long-term renovation plans. It’s also a fit for those seeking affordability in Winnipeg who prioritize lot size over a large or modern house. A less obvious perspective is that this property represents a specific market segment: it’s not a gentrification project in a hot area, but a solid, value-based proposition where the land itself is the primary asset, offering stability and options rather than immediate move-in luxury.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value is based on the current property as it exists—a smaller, older home on a large lot. Citywide averages include newer and much larger homes. The value here is closely aligned with similar properties in the Burrows-Keewatin area.
2. What can I do with such a large lot?
The lot size offers flexibility. Potential uses include building an addition, constructing a detached workshop or garage, creating extensive garden or recreational space, or holding it for future redevelopment, subject to local zoning bylaws.
3. How does not having a basement impact living space and storage?
The lack of a basement means all living and storage must be accommodated on the main floor or in the detached garage. This emphasizes the home’s compact footprint and makes creative storage solutions or an addition more of a consideration for many buyers.
4. Is the older age of the home (1955) a major concern?
While the building age is around average for the neighbourhood, it does mean that critical systems like roofing, plumbing, and wiring may be at or beyond their typical lifespan. A thorough inspection is essential to understand the condition and any needed updates.
5. How does the last sale price (2016) relate to today’s value?
The 2016 sale price provides historical context but does not determine current market value. The assessed value and recent sales of comparable properties in the area are more relevant indicators for today’s price.