Property Overview

This property at 1821 Notre Dame Avenue in Winnipeg's Brooklands neighbourhood presents a unique opportunity defined by its contrasts. Its primary appeal lies in its exceptionally large lot—nearly 6,000 square feet—which ranks well above average for both the street and the area. This is combined with a very low municipal assessed value, resulting in one of the most affordable entry points for land acquisition in the city. The home itself, based on the data, is older and more modest in living space compared to broader city averages, but it ranks as the newest and largest among its immediate peer group on Notre Dame Avenue.

It would suit a specific type of buyer: an investor, builder, or hands-on homeowner with a vision for the land itself. This is not a move-in-ready proposition but a foundational asset. The buyer is likely someone who sees potential in the sizable lot, is comfortable with a project (whether renovation or redevelopment), and is motivated by the low property tax burden associated with the current assessment. It's a strategic purchase for value creation rather than immediate occupancy.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property's current state, size, and characteristics. This low assessment typically reflects the older home and its modest living area relative to the lot size, resulting in significantly lower annual property taxes compared to most other properties.

2. What can I do with a lot of this size?
The nearly 6,000 sqft lot offers flexibility. Potential uses could include renovating or replacing the existing structure, subdividing the lot (subject to city zoning approval), or simply holding the land as a long-term investment in a developing area. Its size is its most notable feature.

3. The home is noted as being older. What are the implications?
While the data shows it is actually the newest build on its stretch of Notre Dame Avenue, it is still an older property. Buyers should budget for thorough inspections and potential updates to major systems like plumbing, electrical, or the roof. The "project" nature is a key factor in its pricing.

4. How does the sale history influence the current price?
The property last sold in June 2021 for $16,300. This recent transaction at a similar price point helps establish a current market benchmark, indicating this is consistently valued as a land-play opportunity rather than a standard home sale.

5. Is this a good investment for a first-time buyer?
It could be, but with important caveats. The low entry cost is attractive, but a first-time buyer would need to be prepared for the responsibilities and potential costs of maintaining an older home or managing a vacant lot. It's best suited for those with renovation experience, a solid plan, or who are partnering with a builder.