Property Overview: 273 Brooklyn Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, offering 765 square feet of living space on a 2,295 sqft lot in the King Edward neighbourhood. Its key characteristic is its position as a highly affordable entry point into the Winnipeg market, with a notably low assessed value. The home has a basement but it is not renovated, and there is no garage or pool.
The primary appeal lies in its potential and location. It represents a classic "starter home" or a strategic investment property. For a buyer comfortable with a project, the unrenovated basement and the home's vintage offer a blank canvas to add value. While smaller than area averages, the lot size is reasonable for the neighbourhood. It would suit first-time buyers prioritizing getting into the market over move-in-ready condition, hands-on investors looking for a rental property with a low entry cost, or those seeking a modest, manageable footprint without a large mortgage. A less obvious perspective is that its lower assessed value could translate to correspondingly lower property taxes, which is a significant long-term cost consideration.
Section 2: Frequently Asked Questions
1. What is the actual sold price history?
The public data shows a sold price range of $16.5k - $19.5k in June 2021. For precise historical sale figures, you must request the exact data via email from the listing service, as they manually provide this detail.
2. How does this home compare to others in the area?
The data indicates this home is below local averages in size, assessed value, and lot size for King Edward and city-wide. Its assessed value is in the bottom 10% for the street and bottom 5% for the neighbourhood, highlighting its standout affordability.
3. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should assume it is in original or rough condition and budget for any desired improvements to make it a functional living or storage space.
4. What are the implications of the 1912 build date?
A home of this age will likely require diligent maintenance and inspections for foundational integrity, plumbing, electrical systems, and insulation. While it offers character, potential buyers should factor in the possibility of older-home upkeep costs.
5. What is the parking situation?
The listing notes there is no garage. Parking is presumably on-street, so buyers should verify local parking regulations and typical availability with the city or through neighbourhood observation.