Property Overview: 668 Brock Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Central River Heights presents a compelling opportunity centered on its desirable location and solid fundamentals. Built in 1955, it is notably newer than many homes on its street and in the established neighbourhood. The property features a renovated basement and a detached garage on a standard 4,740 sqft lot. With 1,252 sqft of living space, it offers a practical footprint for comfortable living.
The primary appeal lies in its position within a sought-after, mature community, coupled with a recent, significant renovation of the lower level that adds immediate functionality. The home’s assessed value ranks above average for both the neighbourhood and city-wide, suggesting a sound investment in a stable area.
This property would suit first-time buyers or downsizers seeking a manageable, single-level layout in a prime location without the premium price of a larger or fully modernized home. It’s also a sensible choice for value-focused buyers who appreciate a move-in-ready basement and prefer to personalize the main living areas over time. A less obvious perspective is that the "around average" living space for the city might actually be an advantage here, offering lower utility costs and less maintenance than a larger home, while still providing ample room.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others in the area?
At 4,740 sqft, the lot is slightly below the average for Brock Street itself but is very typical for the Central River Heights neighbourhood, offering a standard yard space for the community.
2. The home was built in 1955. What should I consider?
While 71 years old, the home is actually newer than most on its block and in Central River Heights. This can be an advantage, but a thorough inspection is always recommended to understand the condition of core systems like plumbing, electrical, and the roof.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated, but the specific scope and quality of finishes are not detailed. This is a key point to clarify with the seller or your agent to understand the value added and if it meets your needs.
4. How have sale prices trended for this property?
Recent sales data shows a significant increase from $410k in 2016 to $490k in 2022, followed by a sale at $50.10k in 2023. This drastic drop likely represents a non-arms-length transaction (such as between family members) and is not indicative of market value. The 2022 sale price of $490k is the relevant market benchmark.
5. Is the assessed value a good indicator of the selling price?
The assessed value for tax purposes ($48.90k) is not a market valuation. It is consistently much lower than recent sale prices, which is common. Market value is determined by recent comparable sales, like the 2022 sale of this home, and current market conditions.