327 Brooklyn Street

Property Overview: 327 Brooklyn Street, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home on Brooklyn Street in the King Edward neighbourhood presents a straightforward, value-oriented opportunity. Built in 1914, it sits on a 3,034 sqft lot that is notably larger than many on its street, offering above-average outdoor space for the immediate area. The 1,002 sqft living area is comfortable for the neighbourhood, ranking well locally, though it is more compact compared to the Winnipeg citywide average. Key features include a detached garage and a basement that is noted as being unrenovated.

The primary appeal lies in its positioning as an affordable entry point into the Winnipeg market, particularly within its established community. Its assessed value is significantly below the city average, suggesting a lower property tax burden and a accessible purchase price. This home would suit a first-time buyer, an investor looking for a rental property, or a practical homeowner who values lot size over a large interior footprint and is comfortable with a home that may require updates. It’s a property for those who see potential in a classic structure and prioritize location and land over modern finishes.

Frequently Asked Questions

1. What does "basement, not renovated" typically mean for a house of this age?
It indicates the basement is functional but retains its original or older finishes, mechanical systems, and layout. Buyers should budget for potential updates and consider a thorough inspection for a home built in 1914.

2. The assessed value seems very low compared to the city average. Why is that?
The assessed value is based on municipal valuation for tax purposes and is heavily influenced by the home's age, size, condition, and recent sales in the immediate area. It reflects the home's market position as a more affordable property within its specific locale, not necessarily the city as a whole.

3. How does the lot size compare practically?
At over 3,000 sqft, the lot is a standout feature for this street. It provides more private outdoor space than many neighbouring properties, which could be a advantage for gardening, entertaining, or future expansion, subject to zoning.

4. The home sold relatively recently in 2023. What does that suggest?
The quick resale could indicate a number of things, such as an investor flipping the property, a change in the owner's circumstances, or a previous buyer's renovation plans that changed. It warrants asking the seller or agent about the history of work done during that ownership.

5. Are the "sold price" ranges shown the exact prices?
No, the listed ranges are estimates based on public data. To obtain the exact historical sale prices for this property, you must request them directly via the provided email service, which manually confirms the figures from official records.