Property Overview: 1033 Manahan Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Manahan Avenue in the Maybank neighbourhood is a classic, no-frills property that presents a clear value proposition. Its key characteristic is its modest 800 sqft living area, which is notably smaller than most comparable homes in the area and city-wide. Built in 1920, it is the oldest home on its street, suggesting a need for a buyer comfortable with the character and potential maintenance considerations of a century-old structure.
The appeal lies in its affordability and lot size. With a historically low assessed value and sold prices consistently below city averages, it represents a lower barrier to entry into the Winnipeg market. The nearly 5,330 sqft lot is a standout feature, offering average-to-above-average outdoor space for the area, which is a significant asset not reflected in the home's interior square footage. This property would suit a pragmatic first-time buyer, an investor looking for a rental property with land value, or a hands-on owner who sees potential in the generous lot rather than the existing footprint. Its value is in the land and location, offering a chance to live in the neighbourhood while budgeting for future updates or an expansion.
Section 2: Frequently Asked Questions
1. What does it mean that the home is "below average" in size and value for the area?
This indicates the property is more affordable than most in Maybank. You are paying less for a smaller, older home but still gaining access to the neighbourhood. It’s a trade-off that prioritizes location and land over move-in-ready size or modern finishes.
2. The home sold in 2023 and 2016. What does that price history suggest?
The sold price ranges show consistent, below-average valuation for the city. The increase from the 2016 sale to the 2023 sale appears modest compared to broader market trends, reinforcing its status as a value-priced entry point rather than a high-appreciation asset in its current state.
3. As the oldest house on the street, what should I be most concerned about?
While charm and solid construction are possible, priority inspections should focus on foundational integrity, plumbing and electrical systems (which may be original or outdated), and the roof. Budgeting for essential systems updates should be a primary financial consideration.
4. The lot is large, but the house is small. What are the possibilities?
The generous lot is the property's most flexible feature. It allows for extensive gardening, outdoor living space, or future expansion like an addition, garage, or shed. It also provides a sense of space and privacy that is uncommon for homes at this price point.
5. How do I find out the exact past sold prices?
The exact sale prices are not published in the public record. As noted on the listing, you must request this information directly via the provided email link. The service is manual, so there may be a short delay in receiving the data.