Property Summary: 369 Brooklyn Street, Winnipeg
Section 1: Overview & Appeal
This is a compact, one-storey home built in 1912, situated on a standard city lot in the King Edward neighbourhood. Its key characteristic is its modesty: with 844 sqft of living space and an assessed value significantly below the city average, it represents an accessible entry point into homeownership. The home’s appeal lies in its renovated basement, which adds functional space, and its position as a relatively average property within its immediate street and neighbourhood context. It’s not a standout in size or modern amenities, but it offers solid fundamentals for its area.
This property would best suit first-time buyers or investors looking for a straightforward, lower-cost holding. Its below-average citywide metrics on size, value, and lot size suggest it’s priced for those with realistic budgets who prioritize location within a established community over square footage. A thoughtful perspective is that its very "averageness" on its street is a strength—it’s not an outlier, which can mean more predictable property values and less pressure for extensive, immediate upgrades compared to a more dilapidated project home. It’s a pragmatic choice rather than a prestige address.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (shown as $21,900) is for municipal tax purposes. The actual market value and selling price are determined by current market conditions and can be significantly higher.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or rooms. A buyer should clarify if it’s a legal suite, a recreational space, or simply finished storage, and verify any permits.
3. How does the lot size affect future plans?
At 2,299 sqft, the lot is smaller than most in Winnipeg. This may limit possibilities for large additions, detached garages, or extensive landscaping, but is typical for the central neighbourhood.
4. The home is over 110 years old. What should I be concerned about?
While the renovated basement is a plus, potential buyers should prioritize inspections for the original structure’s foundation, plumbing, electrical systems, and insulation, as these often require updates in homes of this era.
5. The sold price history shows ranges, not exact figures. Why?
The exact sale prices are not publicly available in Manitoba. The ranges provided are estimates based on public data. You can request the precise historical sale prices from the listing service via email.