Property Summary: 1840 Logan Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a modest, one-storey home in Winnipeg's Brooklands neighbourhood, built in 1910. Its key characteristic is its proportion: it sits on a standard city lot of approximately 2,364 sqft, but the living space itself is compact at 480 sqft. The home features a renovated basement, adding functional space.

The primary appeal lies in its position as an accessible entry point into the housing market. With a historically low sale price and assessed value, it represents one of the most affordable homeownership opportunities in the city. Its value is fundamentally in the land and the potential it holds, rather than in its existing structure. The renovated basement is a practical advantage, offering immediate usable space.

This property would best suit a very specific buyer: a hands-on individual or investor looking for a minimal initial investment. It’s ideal for someone comfortable with a project, whether that’s living in a cozy, efficient footprint or planning a future expansion or rebuild. It could also serve as a strategic holding property in an area where land value may appreciate over time.

Section 2: Frequently Asked Questions

1. Is the house livable in its current state?
Yes, it is a functional home with a renovated basement. However, given its age and very compact main-floor living area (480 sqft), buyers should be prepared for the character and limitations of a century-old, small dwelling.

2. Why is the assessed value so much lower than the city average?
The assessed value reflects the current state and size of the property. With a small, 116-year-old structure on the lot, the value is significantly below newer or larger homes. The assessment aligns with the home’s status as one of the most modest in Winnipeg by size and age.

3. What are the main considerations for future potential?
The significant lot size relative to the house footprint is the key asset. Future owners may consider expansions, a major renovation, or eventually replacing the structure. Any plans should factor in the costs of updating fundamental systems in a home of this age.

4. How does the renovated basement impact the property?
It adds crucial functional space, which is a major benefit given the small main floor. A prospective buyer should clarify the nature of the renovation, including permits, ceiling height, moisture control, and the quality of finishes to understand its true value.

5. What does the ranking data (e.g., "Top 100%") actually mean?
These rankings compare this property to others. For example, "Top 100% for Living Area" means it is among the very smallest homes compared, ranking 218 out of 219 on its street. This isn’t necessarily negative; it quantitatively confirms the property’s position as a minimal-improvement opportunity where the land is a primary component of its worth.