Property Summary: 229 Brooklyn Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, situated on a standard city lot in the King Edward neighbourhood. Its key characteristic is its modest scale, with a living area of 664 sq ft, which is notably smaller than most homes on its street, in the area, and across Winnipeg. The property presents a very low financial barrier to entry, evidenced by its assessed value of $16,100, which is a fraction of the city-wide average. It features a basement that is noted as not being renovated and does not include a garage or pool.
The appeal lies squarely in its potential as an affordable entry point into homeownership or as a straightforward investment property. It suits a specific type of buyer: a hands-on first-time buyer looking for a minimal footprint to renovate to their taste, or an investor seeking a low-cost rental property with fundamental utilities in place. A less obvious perspective is its potential for someone interested in "right-sizing" or minimalist living within an established urban neighbourhood, where the value is in the location and the land, not the current structure. The home's age and condition suggest it is a canvas for improvement rather than a move-in-ready space.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's very small size, older age, and likely the need for updates and renovation compared to the typical Winnipeg home. It is assessed based on its current state and market position.
2. What does "below average" in the rankings mean for a buyer?
For key metrics like living area and assessed value, this property ranks in the bottom 10-20% compared to its immediate neighbours and the wider city. This isn't necessarily negative; it quantitatively confirms the home's position as a smaller, more affordable option in the market.
3. Is the unrenovated basement finished or usable?
The listing specifies the basement is "not renovated." This typically means it is unfinished (concrete floors, exposed framing/mechanicals) and may be suited for storage or laundry, but not designed as living space without significant work.
4. How reliable are the sold price ranges shown?
The ranges are based on available public data. For an exact historical sale price, you must request it directly via the provided email service, as this information is manually verified and not publicly disclosed in detail.
5. Who might the similar-property comparisons be useful for?
The list of properties with similar assessed values is most useful for investors or analysts comparing municipal tax liabilities or evaluating the price point of entry-level assets across different neighbourhoods. They are not similar in style or condition, but in their valuation bracket.