Property Overview
1047 Blair Street is a one-storey home in Winnipeg's Holden neighbourhood, built in 1958. It offers 952 sqft of living space, a detached garage, and a full, unrenovated basement on a 5,070 sqft lot. Its assessed value is $27,400.
Key Characteristics & Appeal
This home presents a straightforward, no-frills opportunity in a mature neighbourhood. Its primary appeal lies in its solid foundation and the potential it offers. The living space is typical for the immediate area and Holden, providing a comfortable footprint for a small household. A notable advantage is the lot size, which is above average for Blair Street, offering more outdoor space than many direct neighbours—a valuable asset for gardening, play, or future expansion.
The home suits practical, value-oriented buyers. It’s an ideal candidate for a first-time homeowner comfortable with a property that may require updates over time, or for an investor looking for a stable rental property in an established community. Its unrenovated basement and overall condition suggest the price should reflect room for future improvements, allowing a buyer to add value according to their own taste and budget. It’s not a turn-key luxury property, but a grounded option where the appeal is in the lot size, neighbourhood consistency, and the chance to build equity through thoughtful upgrades.
Frequently Asked Questions
1. How does this home compare in size and value to others nearby?
Within the Holden neighbourhood and on Blair Street itself, this home is very average in terms of living area, year built, and assessed value. Its lot size, however, is larger than most on the same street.
2. What does "unrenovated basement" typically imply?
It generally means the basement is in original or functional condition but hasn’t been modernized. Buyers should budget for potential updates to flooring, lighting, or finishes, and should have the foundation and moisture protection inspected.
3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value ($27,400) is for municipal tax purposes. The last known sale was between $20.5k and $23.5k in 2017. The market price will be determined by current conditions, the home's state, and buyer demand.
4. Who would this property be a good fit for?
It’s well-suited for a first-time buyer with a hands-on mindset or an investor seeking a manageable property. It’s less suited for someone seeking a modern, move-in-ready home without any projects.
5. What is the neighbourhood context like?
The home is on a street with very similar properties, suggesting a stable, consistent streetscape. Rankings show it sits in the middle of the pack locally, indicating it’s a typical home for the area without standout premium or discount features compared to its immediate peers.