Property Overview: 290 Brooklyn Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1913, offering a straightforward living space of 795 sqft on a 2,398 sqft lot in the King Edward neighbourhood. Its key appeal lies in its position as an affordable entry point into the Winnipeg market. The home presents a baseline opportunity, with an unrenovated basement indicating potential for future customization or storage. Its assessed value is modest, consistently ranking below the city-wide average but more in line with its immediate street and area, suggesting it is priced appropriately for its locale and condition.
The property would suit first-time buyers, investors, or downsizers seeking minimal upkeep and a lower financial barrier to entry. Its smaller scale and lot size translate to reduced maintenance demands. A thoughtful perspective is that this home represents the "bones" of a property—its value is anchored more in the land and location than in its current structure, appealing to those who see potential in the existing footprint or who prioritize low carrying costs over modern finishes.
Section 2: Frequently Asked Questions
1. What is the true price of this home?
The provided sold price history shows estimated ranges. For exact historical sale figures, you must request the information directly via the email system on the listing page.
2. How does this home compare to others in the area?
The data shows this home is generally below average for King Edward and Winnipeg in terms of size, assessed value, and modern build year. However, on its own street (Brooklyn Street), it is much closer to the average, indicating it is a typical offering for this specific block.
3. Is the basement usable?
The listing specifies the basement exists but is "not renovated." This typically means it is in a raw or unfinished state, suitable for storage or mechanicals but not as finished living space without significant investment.
4. What are the main considerations for a home built in 1913?
Prospective buyers should budget for potential updates to older mechanical systems (like plumbing or wiring) and anticipate the need for ongoing maintenance consistent with a century-old structure. The charm and character come with a responsibility for upkeep.
5. Why is the city-wide average assessed value so much higher?
The city-wide average (shown as $390k) includes all types of homes across Winnipeg. This property's assessed value ($20k) is reflective of its specific characteristics—smaller size, older age, and unrenovated condition—placing it in a different market segment entirely.