Property Summary: 307 Brooklyn Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-and-a-half storey home built in 1921, offering 886 square feet of living space on a 2,294 sqft lot in the King Edward neighbourhood. Its key appeal lies in its position as an accessible entry point into the Winnipeg market. The home presents a clear value proposition: its assessed value is notably below averages for the street, neighbourhood, and city, suggesting a lower property tax burden and potential for value growth through updates. While the basement exists, it is not renovated, and the property has no garage or pool.
Its size and footprint make it a practical candidate for a first-time buyer, an investor, or someone seeking a minimalist lifestyle without the upkeep of a larger property. The lot, while below area averages, provides essential outdoor space. A thoughtful perspective for the right buyer is viewing this home as a "blank canvas" property—its below-average metrics in key areas are precisely what create an opportunity for personalization and equity building, rather than paying a premium for recent upgrades done to someone else's taste.
Frequently Asked Questions
1. Is this a good value compared to other homes?
Based on assessed value, this home ranks in the bottom 10% on its street and in the broader neighbourhood, indicating it is priced significantly lower than many comparable properties. This can mean a lower entry cost and property taxes, but it may also reflect the need for updates.
2. What should I know about the size and lot?
At 886 sqft, the living space is manageable and close to the average for King Edward. The lot is compact at 2,294 sqft, which is below average for the area. This means lower maintenance but less private outdoor space than some neighbouring properties.
3. How old is the home, and what does that imply?
Built in 1921, the home is over a century old. This age is around average for Brooklyn Street but older than the typical Winnipeg home. Buyers should budget for potential updates to older mechanical systems, windows, or insulation, while appreciating the character of an established neighbourhood.
4. Why is the sold price history shown as a range?
The exact sale prices are not publicly available in all records. The provided range is estimated from public data. You can request the precise historical sale figures by email, which will be provided manually without marketing spam.
5. Who would this property suit best?
This home is best suited for a pragmatic first-time homebuyer comfortable with a project, an investor looking for a rental property with a lower initial assessment, or a downsizer seeking a modest, low-maintenance footprint in a central location. It is less suited for those needing ample indoor or outdoor space or a turn-key, modernized home.