Property Overview
This home at 1388 Manitoba Avenue in Winnipeg's Shaughnessy Park neighborhood presents a practical entry point into the market. Built in 1907, it is notably older than most homes in the area and across the city. With 900 square feet of living space and a 3,233 square foot lot, its size is fairly typical for its immediate street but sits below the wider neighborhood and city averages. The assessed value of $165k is modest, ranking well below city-wide averages, which reflects its position as one of the more affordable options in Winnipeg. Its last known sale was between 2016 and 2020 in the $150k-$200k range.
Key Characteristics & Appeal
The primary appeal of this property is its affordability and location. It suits first-time homebuyers, investors, or those seeking a lower-cost foothold in the city. While its size and age mean it likely requires a hands-on approach or a willingness to modernize, this also represents an opportunity to add value. A thoughtful perspective is that its older vintage, while demanding more upkeep, often comes with character and construction quality not found in newer builds. It sits on a street with a mix of similar and slightly larger homes, offering neighborhood consistency without the premium price tag of more updated areas.
Frequently Asked Questions
1. Is this a good value for the price?
Based on the assessed value and recent sale history, it is priced significantly below the Winnipeg average, suggesting strong value for your budget. However, the lower price likely correlates with the home's age and potential need for updates.
2. What should I know about the home's age?
Built in 1907, it is among the oldest in Shaughnessy Park. This can mean charming architectural details but also necessitates thorough inspections for foundational integrity, wiring, plumbing, and insulation to understand potential renovation costs.
3. How does the lot size compare?
At 3,233 sqft, the lot is smaller than the average for both the street and neighborhood. This means lower maintenance but less private outdoor space compared to many nearby properties.
4. What are the comparable homes like?
Nearby homes on Manitoba Avenue and in Shaughnessy Park are typically larger, newer (many from the 1940s and 50s), and have higher assessed values. This home offers a cost-effective alternative in the same location.
5. How can I get exact historical sale prices?
The site provides sold price ranges for non-members. For verified, exact sale figures and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.