Property Overview
This one-storey home at 424 Brooklyn Street in Winnipeg's King Edward neighbourhood presents a straightforward, value-oriented opportunity. Built in 1988, it is notably newer than most homes on its street and in the wider area. With 931 sqft of living space and an unfinished basement, it offers room to grow. The lot size of 3,589 sqft is generous for the immediate area, providing above-average outdoor space. The home lacks a garage and pool. Its assessed value is modest, positioning it as an affordable entry point within the city.
Key Characteristics & Appeal
The primary appeal of this property lies in its practicality and potential. Its 1988 construction means major systems like plumbing, wiring, and the roof are likely more modern than those in many century-old homes in Winnipeg, potentially reducing immediate repair concerns. The above-average lot size for the street is a significant asset, offering valuable outdoor space for gardening, recreation, or future expansion that is harder to find in older, denser neighbourhoods.
It suits first-time homebuyers seeking a manageable, low-maintenance footprint with a blank-canvas basement to finish according to their needs and budget. It would also appeal to value-focused investors or downsizers looking for a solid, no-frills home in a central location without the upkeep of a larger property. The home’s metrics suggest you are paying primarily for the land and the structure's newer vintage, rather than for high-end finishes or square footage.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's modest size, basic condition (including an unfinished basement), and its location within a neighbourhood of generally older, more affordable housing stock compared to newer suburban areas.
2. What does the "above average" year built actually mean for me?
While the home is 38 years old, it is newer than roughly 80% of homes on its street. This typically suggests updated building materials and standards, which can mean better insulation, more modern electrical wiring, and potentially fewer issues with foundational settling compared to much older homes.
3. Is the lack of a garage a major drawback?
This depends on lifestyle. For some, it is a significant inconvenience. For others, it represents lower maintenance and costs. The generous lot size does offer the possibility of adding a garage or shed in the future, subject to local zoning and permits.
4. The sold price history shows a range. What sold for that price?
The listed sold price range from 2021 is for this specific property. The exact final sale price is not publicly disclosed in Manitoba; the range is an estimate based on available data. You can request the precise figure from the site administrators.
5. How does this home compare to others on Brooklyn Street?
The data shows this home is competitive on its own street. It has a larger-than-average lot, a newer build date, and living space and assessed value that are very close to the street's averages, indicating it is a typical, in-line offering for this specific block.