261 Brooklyn Street

Property Summary: 261 Brooklyn Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1914, presents a classic character property with modern updates. Its key feature is a recently renovated basement, adding functional living space to the 1,313 sqft footprint. The home includes a detached garage.

The primary appeal lies in its strong positioning within the immediate King Edward neighborhood. The living space is notably above average for both Brooklyn Street and the wider area, ranking in the top 10% locally. This suggests a home that feels more spacious than many of its peers. While the lot is modest in size, this can translate to lower maintenance, a practical consideration for many buyers. The assessed value is consistent with the local area, indicating a fair market positioning without premium pricing for the neighborhood.

This property would suit a buyer looking for a character home with updated essentials (like the basement) in an established inner-city community. It’s ideal for someone who values interior space over a large yard and appreciates a home that stands out in size within its immediate surroundings. The data suggests it offers a "best-in-block" feel for living area without a corresponding "best-in-block" price tag, representing a practical value proposition.

Section 2: Frequently Asked Questions

1. How does the living area compare to nearby homes?
Very favorably. At 1,313 sqft, it ranks in the top 10% of homes on Brooklyn Street and the top 9% within the King Edward neighborhood, meaning it is significantly more spacious than most comparable local properties.

2. Is the assessed value a reliable indicator of the selling price?
The assessed value ($24,600) is aligned with local averages for the street and neighborhood. However, recent nearby sold prices (like the referenced sale in the $26.5k-$29.5k range in 2022) and market conditions will be more direct factors in determining current market value.

3. What should I know about a home built in 1914?
While it offers classic charm, a pre-1919 home requires attention to aging components. A thorough inspection is essential to understand the condition of original features, the foundation, wiring, plumbing, and the efficiency of windows and insulation. The renovated basement is a positive modern update.

4. How does the lot size impact the property?
The lot is 2,295 sqft, which is below average for the area. This means smaller outdoor maintenance but also limited potential for expansions or large landscaping projects. It emphasizes the property's strength as an indoor living space.

5. What is the context for the sold price history provided?
The listed sold price range from 2022 is an estimate based on public data. To obtain the exact historical sale price for this or comparable properties, you must request it directly via the provided email service, which manually confirms the official figures.