Property Overview: 1848 Logan Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, century-old one-storey home in Brooklands, built in 1910. With 829 square feet of living space on a 2,364 sqft lot, it is a notably modest property in terms of both its footprint and its official assessed value ($13,300). The home lacks a basement, pool, and garage.

Its primary appeal lies in its position as an accessible entry point into the Winnipeg market. The below-average assessed value and historically lower sale price point to a property with fundamental utility, likely suited for a budget-conscious first-time buyer, an investor looking for a straightforward rental, or someone seeking a minimal footprint. A thoughtful perspective is that a smaller lot and home can mean significantly lower property taxes, utility costs, and maintenance time, offering a different kind of value through reduced ongoing expenses. It’s a practical choice for those whose priority is securing a location over square footage, with the understanding that any updates or expansions would be an investment into a historically low-value asset.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the last sale price?
Assessed values in Manitoba are primarily for municipal tax purposes and are often based on mass appraisal techniques. A sale price reflects the current market agreement between a buyer and seller, which can be influenced by many factors not captured in the tax assessment.

2. What are the implications of not having a basement?
This means all mechanical systems (furnace, water heater) and utilities are on the main floor, occupying living space. It also eliminates traditional storage or potential for a below-ground suite, but removes concerns about basement moisture or flooding.

3. The home is older than most in the area. Should I be concerned?
While the 1910 build date indicates a need for a thorough inspection focusing on foundational integrity, wiring, and plumbing, many homes of this era were built with durable materials. Its longevity can also be a testament to its core structure.

4. How does the small lot size affect me?
The lot is smaller than most in Brooklands and city-wide. This limits potential for large additions, detached garages, or extensive landscaping, but also minimizes yard maintenance. It suggests a more urban, close-to-your-neighbours setting.

5. Who would this property not suit?
It would likely not meet the needs of a growing family requiring multiple bedrooms and bathrooms, anyone needing significant storage or workshop space, or a buyer unwilling to live in a home where renovations may need to prioritize basic updates over cosmetic improvements.