Property Overview

This is a compact, one-storey home built in 1924 on a 2,596 sqft lot in Brooklands. With 896 sqft of living space, no basement, and no garage, it presents a straightforward, low-maintenance footprint. The data indicates its assessed and recent sale values are significantly below averages for the street, neighbourhood, and city, highlighting its position as an accessible entry point into the Winnipeg market.

Key Characteristics & Appeal

The primary appeal of this property lies in its simplicity and affordability. It is a classic "starter home" or a potential canvas for renovation, suited for a first-time buyer, an investor, or someone seeking a minimalist lifestyle with very low property taxes. Its lot size is modest for the area, but typical for its era, and the home's age means it likely possesses character details common to houses of the 1920s, though it may also require updates.

A less obvious perspective is its potential as a strategic land play. The lot, while below area averages, still represents the majority of the property's value in a neighbourhood where newer, larger homes exist. For the right buyer, it could represent a long-term hold or a future redevelopment opportunity, given Brooklands' ongoing evolution. This home would not suit someone needing ample storage, garage space, or modern, turn-key finishes. It is best suited for a pragmatic buyer who views homeownership primarily as securing an affordable asset and is comfortable with a project, whether immediate or gradual.

Frequently Asked Questions

1. Why is the assessed value so much lower than other homes?
The assessed value reflects the property's relatively small size, age, and basic features compared to larger, more modernized homes in the broader area. It is consistent with the home's recent sale price.

2. What are the implications of having no basement?
It means all living and mechanical systems are on the main floor, which can simplify maintenance and renovations. However, it significantly reduces storage space and eliminates the potential for a traditional basement suite or recreational area.

3. Is the land size a drawback?
At 2,596 sqft, the lot is smaller than many in Brooklands, limiting extensive outdoor additions like a large garage or deck. However, it requires less upkeep and may be appealing for those who prefer a smaller yard.

4. What type of renovation should I anticipate?
Given the home's age, budgeting for updates to foundational systems like wiring, plumbing, and insulation is prudent. Cosmetic updates will also likely be needed to modernize the living space.

5. How does the lack of a garage affect daily life and value?
It means relying on street parking and having no dedicated storage or workshop space. This is a common trade-off for affordability in older neighbourhoods and should be factored into your lifestyle needs and vehicle ownership plans.