Property Overview
This 951 sqft one-storey home at 392 Brooklyn Street in Winnipeg's King Edward neighbourhood presents a practical and affordable entry point into homeownership. Built in 1987, it is notably newer than many surrounding homes. Key features include a renovated basement, adding valuable functional space. The property sits on a 2,395 sqft lot, which is compact compared to the city-wide average but typical for its immediate area. Its appeal lies in its modern relative age, move-in-ready condition with a finished basement, and a price point reflected by an assessed value significantly below the Winnipeg average. It suits first-time buyers, downsizers looking for single-level living, or investors seeking a manageable rental property. A thoughtful perspective is that while the lot size is smaller city-wide, it translates to lower maintenance—a benefit for those seeking a cozy home without extensive yard work. Its above-average assessed value for the street suggests it may be in better condition or have more updates than some direct neighbours.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 951 sqft, the living area is very close to the average for both Brooklyn Street and the wider King Edward neighbourhood, making it a typical-sized home for the area.
2. The assessed value seems low. What does this indicate?
The assessed value of $26,600 is below the Winnipeg city average but is actually above average for Brooklyn Street itself. This generally suggests the property is in good standing relative to its immediate peers, though property taxes would be based on this lower valuation.
3. What are the advantages of a home built in 1987 in this area?
This is a key feature, as the home is significantly newer than the neighbourhood and city averages (which are from the late 1940s). This often means fewer concerns with aging major systems found in much older homes and potentially more modern layouts.
4. Is the lot size a drawback?
The lot is smaller than most in Winnipeg, but is around average for Brooklyn Street. It offers a balance of outdoor space without the high maintenance of a large yard, which can be a positive for many buyers.
5. What is not included with this property?
The listing confirms there is no garage and no pool. Parking would be street parking or possibly a driveway if one exists but is not specified.