Property Overview: 311 Brooklyn Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home with an unrenovated basement and a detached garage, built in 1938. Its primary appeal lies in its position as an accessible entry point into the Winnipeg market. With a living area of 715 sq ft, the house is notably smaller than most in the city, but its assessed value is proportionally low, presenting a lower barrier to ownership. The lot, while smaller than area averages at 2,294 sq ft, is a manageable size.
The property suits first-time buyers or investors seeking a straightforward, no-frills asset. Its value is grounded more in the land and location than in the existing structure, making it a potential candidate for a long-term hold, a future renovation project, or a rental property. A thoughtful perspective is that its below-average size and assessed value can be an advantage, potentially resulting in lower property taxes and maintenance costs compared to larger homes in the same neighborhood. It represents a practical, low-overhead form of homeownership.
Frequently Asked Questions
1. Is the house livable in its current state?
The listing notes the basement is "not renovated," suggesting the home is functional but likely dated. A thorough inspection would be essential to understand the condition of major systems (roof, wiring, plumbing) given the home's age.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's smaller size, age, and likely modest condition compared to the broader Winnipeg market. It is more in line with averages for its immediate street and neighborhood.
3. What are the possibilities for expansion or renovation?
The existing footprint and lot size may present some constraints for large additions, but the detached garage offers flexibility. Any significant renovation would need to carefully consider the investment relative to the home's current value in the King Edward area.
4. How reliable are the sold price ranges shown?
The listed price ranges are based on public data. For precise historical sale figures, you must request the exact sold price history via email from the listing service, as they manually verify this information.
5. Who are the most likely neighbors or comparable properties?
The immediate neighbors are similar addresses on Brooklyn Street. Broader comparable properties, based on assessed value, include a number of condominium units in other neighborhoods, highlighting that this is a uniquely low-value standalone house.