Property Summary

Key Characteristics & Appeal

This is a 1.5-storey home built in 1952, situated on a standard city lot in Winnipeg's Brooklands neighbourhood. With 898 square feet of living space, no basement, and no garage, the property presents a straightforward, low-maintenance footprint. Its primary appeal lies in its value proposition and potential as a blank canvas. The home sits on a decent-sized lot (3,860 sqft) that is typical for the immediate area but offers more outdoor space than many city-wide properties. The assessed value is notably low, which can be attractive for buyers seeking a lower property tax base or an entry point into the market.

This property would best suit a practical buyer—perhaps a first-time homeowner, an investor, or someone looking to downsize—who prioritizes land and location over turn-key condition. It’s a candidate for a live-in renovation, a potential tear-down for a new build, or a long-term hold on a lot that may see future value growth as the area develops. The 2019 sale price of $160k, well below city averages, underscores its role as an accessible opportunity rather than a move-in-ready home.

Frequently Asked Questions

1. What does "no basement" mean for this property?
It indicates the home is built on a slab or crawlspace foundation. This can mean fewer maintenance concerns related to basement moisture or flooding, but it also eliminates potential for below-ground storage or living space. Utilities will be located on the main floor.

2. How does the low assessed value impact property taxes?
A lower assessed value generally results in lower municipal property taxes compared to similar-sized homes with a higher valuation. This can improve monthly affordability, but it may also reflect the home's current condition and market position.

3. Is the lot size suitable for an addition or future development?
The lot is average for Brooklands but larger than many city lots. While subject to zoning bylaws and setback requirements, its dimensions could potentially allow for a home expansion or, in the future, redevelopment, which is a key part of the property's long-term value.

4. What are the implications of having no garage?
Parking will be limited to driveway or street parking. This is a common feature in older neighbourhoods but is a practical consideration for vehicle storage, security, and winter conditions. Adding a garage or carport may be possible, depending on lot layout and regulations.

5. The home last sold in 2019. What does that recent history suggest?
The previous sale within the last five years suggests the property has changed hands relatively recently. This could indicate it was used as a rental, was part of an estate, or that the previous owner undertook a short-term hold. It's advisable to inquire about the reason for the sale and any known changes made during that period.