Property Overview

This is a compact, one-storey home on a standard-sized lot in Brooklands. Built in 1945, its key characteristic is its modest 720 sqft living area, which is notably smaller than most homes on its street and across Winnipeg. The lot size of 3,905 sqft is typical for the area. The home features a detached garage and has no basement or pool. Its assessed value is significantly below the citywide average, reflecting its scale and location.

The appeal here is fundamentally about land value and potential. The price point is accessible, making it a candidate for a first-time buyer seeking an entry into the market, an investor looking for a rental property, or a buyer with renovation or rebuilding plans who values the lot. Its smaller size could also suit someone looking to minimize upkeep and utility costs. A less obvious perspective is that a home of this vintage and size on a decent lot offers a tangible opportunity to customize or expand without the premium of a larger, turn-key property, appealing to those with a vision rather than those seeking immediate comfort.

It would best suit pragmatic buyers comfortable with a project, whether that's simple updates or a more significant redevelopment. It is less suited for those needing ample, move-in-ready space or who prioritize modern amenities without additional investment.

Frequently Asked Questions

1. Is this a "tear-down" property?
Not necessarily. While the living area is small and the home is older, it is still a functional dwelling. Its future depends entirely on the buyer's goals—it can be lived in as-is, renovated, or eventually replaced.

2. Why is the assessed value so much lower than the city average?
The assessed value is based on the property's characteristics relative to its immediate area and similar properties. The combination of a small home, older age, and its location in Brooklands results in a value far below the Winnipeg average, which includes newer, larger homes in higher-value neighbourhoods.

3. What are the implications of having no basement?
This means all mechanical systems (furnace, water heater) and living space are on the main floor. It eliminates concerns about basement moisture or flooding but also reduces storage and potential for below-grade living space. All utilities and storage solutions must be planned for within the home's footprint.

4. How does the lot size compare, and what does that allow?
At just under 4,000 sqft, the lot is very typical for Brooklands. It provides adequate outdoor space for a yard, garden, and the existing detached garage. For someone considering an addition or future rebuild, the lot dimensions are a key factor to investigate with the city for permissible building footprints.

5. The sale price history shows a significant increase between 2017 and 2019. What does that indicate?
This suggests the property was likely updated or improved between those sales, or that market conditions shifted. It highlights that even modest homes in the area can see value movement. A buyer should inquire about any known changes made during that period.