Property Overview
257 Brooklyn Street is a modern, two-storey home built in 2024, offering a rare combination of new construction in Winnipeg's established King Edward neighbourhood. Its primary appeal lies in its move-in-ready condition and above-average living space for the area, without the typical maintenance concerns of an older property. The home features 1,534 sqft of living area, placing it in the top tier (top 3%) for size both on its street and within the wider neighbourhood. It sits on a standard city lot of 2,295 sqft.
This property is ideally suited for buyers seeking a modern home in a mature community, particularly first-time homeowners or downsizers who want the layout and efficiency of a new build without moving to a distant suburb. Its strong assessed value ranking suggests it is seen as a premium offering in its immediate context. A key consideration is the unrenovated basement, which presents a blank canvas for future expansion or storage, and the lack of a garage, which is common for the area.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sold price?
The assessed value ($41.5k) is for municipal tax purposes and is based on a provincial formula that often lags behind the current market. The recent sold price (Feb 2025, $42.5k-$45.5k) reflects the actual market value buyers were willing to pay for this specific, nearly new home.
2. How does the lot size impact the property?
At 2,295 sqft, the lot is smaller than many in Winnipeg but typical for the King Edward core. This means lower exterior maintenance but may limit options for large additions or extensive landscaping compared to properties on larger lots.
3. What does the "top percentile" ranking mean for living area?
Ranking in the top 3% for living area in the neighbourhood means this home is significantly larger than most comparable properties nearby. This is a major advantage, offering more interior space than the area's average of roughly 930-952 sqft.
4. Is the lack of a garage a significant drawback?
This depends on buyer needs. Many homes in central neighbourhoods like King Edward do not have garages. The trade-off is a prime location and a modern home, but buyers reliant on private, covered parking for vehicles or storage will need to factor this in.
5. What are the implications of the unrenovated basement?
The basement is a functional space but finished to a basic standard. This is common in new builds and can be seen as an opportunity: it allows the next owner to customize the space to their specific needs (e.g., recreation room, home office, or additional bedroom) without first demolishing an old renovation.