Property Overview
308 Brooklyn Street is a compact, one-storey home built in 2016, offering modern construction in Winnipeg's King Edward neighbourhood. With 768 square feet of living space, it is smaller than most area homes but benefits from being significantly newer than the neighbourhood's typical housing stock. The property sits on a modest 2,398 sqft lot and does not include a garage or pool. Its assessed value is notably above average for its immediate street but sits below the city-wide average. Recent sale history indicates steady value retention.
Key Characteristics & Appeal
The primary appeal of this home lies in its modern build year (2016), which is a rarity in a neighbourhood and city dominated by older homes. This suggests fewer immediate concerns about major aging systems, potentially lowering near-term maintenance costs. Its compact size and efficient layout are suited for minimalists, first-time buyers, or investors seeking a manageable, modern property. The above-average assessment for the street hints at it being a relative standout on its block.
This property would best suit a buyer looking for a low-maintenance, turn-key home who prioritizes modern construction over square footage. It’s a practical choice for someone comfortable with a smaller, efficient living space, possibly as a starter home or a strategic investment in a well-established area. A less obvious angle is its potential as a "lock-and-leave" property for frequent travelers, given its newer, likely worry-free infrastructure.
Frequently Asked Questions
1. Why is the assessed value so much higher than recent sale prices?
Assessed values for tax purposes are not the same as market value. The assessment reflects the property's standing relative to others, and in this case, it's high for the street, likely due to the modern build. The actual sale price is determined by the current market.
2. What are the implications of the smaller lot size?
The lot is below average for both the neighbourhood and city. This means lower exterior maintenance and potentially lower property taxes, but it also limits expansion possibilities, garden space, and privacy compared to homes on larger lots.
3. The home is modern, but what about the neighbourhood's overall character?
King Edward is a mature neighbourhood with homes primarily from the mid-20th century. Buyers should appreciate the contrast of a new home in an old area, which offers established trees and community character, but may mean neighbouring properties are at different stages of upkeep or renovation.
4. Is the lack of a garage a significant drawback?
For many Winnipeg buyers, a garage is a major asset for vehicle protection in winter. Its absence here means relying on street parking, which requires consideration of local parking bylaws and winter parking bans. This could be a key factor for some buyers.
5. How reliable are the provided "Top X%" rankings?
These rankings are useful for quick comparisons. They show, for instance, that this home's build year is in the top 6% city-wide for newness, while its living area is in the bottom third. They help contextualize each feature against local and city benchmarks at a glance.