Property Overview: 502 Brandon Avenue, Winnipeg
Key Characteristics & Appeal
This 784 sqft home on a 2,499 sqft lot in Lord Roberts presents a specific, value-oriented opportunity. Built in 1979, it is a notably newer construction compared to most homes in its immediate area and neighbourhood, which largely date to the early 20th century. This suggests potentially fewer concerns with aging infrastructure common in century-old homes. The assessed value is above average for the street, but the living space is modest and below the local average, indicating the value may be tied more to the modern build year and lot than to interior size.
Its primary appeal lies in being an entry-point into a mature neighbourhood without the immediate heavy renovation needs of an older character home. It would suit a first-time buyer, an investor, or a downsizer seeking a low-maintenance property in a central location. The buyer should be comfortable with a cozier living space, viewing the newer build year as a trade-off for square footage. A thoughtful perspective is that this property avoids the intense competition and premium prices of fully renovated character homes, offering a practical, grounded alternative.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data suggests a mixed picture. You are paying an above-average price for the street, largely due to the modern build year. However, you get a home that is significantly newer than most in Lord Roberts, which can mean savings on updates and repairs.
2. What does the below-average living area mean practically?
At 784 sqft, the home is compact. It will likely feature efficient, modern layouts rather than the separated rooms of older homes. This suits simpler living but requires careful consideration of space needs for furniture, storage, and work-from-home setups.
3. Why is the assessed value higher than the street average if the house is smaller?
Municipal assessments factor in multiple elements, including the land and the building's condition/age. Here, the 1979 construction date is a major positive differentiator, offsetting the smaller square footage in the valuation model.
4. What are the implications of the lot size?
The lot is average for the street but below average citywide. In this established neighbourhood, it provides adequate outdoor space for a patio or garden without the extensive maintenance of a much larger yard.
5. How reliable are the sold price ranges shown?
The ranges are based on public data, which in Manitoba often excludes exact sale prices. For the precise historical sale price, you must request it directly from the listing service via the provided email option, as noted on the detail page.