Property Overview

This is a compact, one-storey home on a generous lot in Brooklands. Built in 1934, its key feature is a 3,900 sqft land area, which is notably larger than most lots on its street and in the neighbourhood. The living space itself is modest at 683 sqft and includes an unrenovated basement and a detached garage. The home last sold in 2016 for $11,500 and carries a current assessed value of $15,400.

Section 1: Key Characteristics & Appeal

The primary appeal of this property lies in its land. The lot size is well above average for the immediate area, offering significant outdoor space and potential in a neighbourhood where lots are typically smaller. The home itself is a straightforward, no-frills structure—a classic "value-in-the-land" scenario. Its very low assessed value and sale history indicate it is likely a fixer-upper or a candidate for full redevelopment.

This property would suit specific buyer types:

• Land Investors or Builders: Buyers looking for a lot with redevelopment potential, where the existing structure may be removed or extensively rebuilt.
• Handypersons or Renovators: Those with the skill, time, and budget to undertake a full renovation, potentially adding square footage to capitalize on the large lot.
• Value-First Buyers: Individuals seeking the absolute lowest entry point into homeownership, who are comfortable with a project and prioritize lot size over move-in-ready condition.

A less obvious perspective is its potential as a multi-generational or flexible living setup. The large lot could allow for future additions, a garden suite, or significant expansion that the current small footprint does not suggest at first glance.

Section 2: Frequently Asked Questions

1. Is this a tear-down property?
While the decision would depend on a buyer's plans and a professional inspection, the combination of a very small, older home on a large lot with a low assessed value strongly suggests it is a prime candidate for redevelopment or a complete gut renovation.

2. What does "unrenovated basement" typically mean?
In this context, it almost certainly means a raw, foundational space. Expect concrete floors and walls, basic utilities, and no finished living areas. It presents both a blank canvas and a project.

3. Why is the assessed value so much lower than typical Winnipeg homes?
The assessed value reflects the property's current state and market value as a small, unrenovated home. It is not indicative of the potential value after renovation or rebuilding, which would be significantly higher.

4. Who is responsible for connecting utilities if the home is rebuilt?
The buyer would be responsible for all costs associated with connecting new services (water, sewer, gas, electricity) to a new structure, which can be a substantial consideration in a rebuild budget.

5. Are there any restrictions on rebuilding or adding to the home?
Any major construction would require compliance with current City of Winnipeg zoning bylaws, which govern setbacks, building height, lot coverage, and permitted uses. Checking these regulations is an essential first step for any serious buyer.