Property Overview: 2 Brookshire Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 820 sqft bungalow, built in 1984 on a 4,200 sqft lot in the Meadows neighbourhood, presents a straightforward and affordable entry into the Winnipeg housing market. Its core appeal lies in its relative value and stability within its immediate community. The home's assessed value ($32,800) is very close to the average for Brookshire Street itself, suggesting it's a typical property for this specific block. While its living space is modest compared to larger homes in the wider Meadows area and the city, this translates to lower property taxes and manageable upkeep.
The property would suit first-time buyers, downsizers, or investors seeking a practical, no-frills home with a decent-sized yard in an established neighbourhood. A thoughtful perspective is that this home represents the "median" experience on its street—it’s not an outlier in price or size, which can offer a sense of financial predictability and neighbourhood cohesion. Its recent sale history indicates steady demand in its price bracket.
Section 2: Frequently Asked Questions
1. How does this home's value compare to its neighbours?
The assessed value is very aligned with the immediate street, ranking 6th out of 17 properties. This suggests it is priced consistently within its micro-neighbourhood, not over or under-valued compared to the houses directly around it.
2. Is the living space smaller than average?
Yes. At 820 sqft, the living area is below the average for both the broader Meadows neighbourhood and the city overall. This indicates a compact, efficient layout suited for individuals, couples, or small families.
3. What does the sold price history indicate?
The home has sold twice in recent years (2020 and 2023), each time within the $250k-$350k range. This activity shows consistent market interest in the property at this price point, and the increase between sales aligns with broader market trends over that period.
4. How does the lot size compare?
The 4,200 sqft lot is slightly larger than the average lot on Brookshire Street but is below the average for the Meadows neighbourhood. This offers a reasonable outdoor space for a home of this size, providing a good balance between yard and maintenance.
5. The city-wide assessed value average seems unusually high. Why?
The city-wide average assessed value listed (~$390k) is skewed by including all property types and vastly different neighbourhoods. A more relevant comparison is the "Same area" (Meadows) average of ~$40.9k, which shows this property is assessed somewhat below its community average, a potential point of value.