Property Overview

This 1917 one-and-a-half storey home in Brooklands presents a practical and affordable entry point into the Winnipeg market. Its key appeal lies in its balance of historic character and modern updates within a compact, manageable footprint. The home sits on a modest 2,498 sqft lot, which is smaller than most in the area but translates to lower maintenance. A recently renovated basement adds functional living space, complementing the 944 sqft main living area. With a detached garage and a sale history indicating a price point significantly below the city average, this property is notably affordable.

It would suit first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance property with renovation work already started in the basement. Its smaller scale offers a cozy, efficient living environment without the burdens of a large yard or excessive square footage to maintain. A thoughtful perspective for potential buyers is to see the smaller lot and home size not as a limitation, but as a strategic advantage for keeping utility costs, property taxes, and upkeep time and expenses consistently low.

Frequently Asked Questions

1. Is the smaller lot size a disadvantage?
While the land area is below average for the street and neighbourhood, it requires less maintenance and landscaping, which can be a benefit for those seeking a low-maintenance property or who prefer to spend less time and money on yard work.

2. What does "renovated basement" typically mean for a home of this age?
In a 1917 home, a renovated basement often includes modern moisture management, updated insulation, and finished living space. It's crucial to review the specifics of the renovation, including permits, the quality of materials used, and whether it addressed any foundational or waterproofing concerns common in century-old homes.

3. How does the assessed value relate to the likely sale price?
The assessed value for municipal tax purposes ($22.4k) is historically very low and not a direct indicator of market sale price, as seen by its previous sale at $21.5k. In Winnipeg, market value is typically much higher than the assessed value, which is based on a provincial system. The previous sale price is a more relevant benchmark.

4. What are the considerations with a detached garage?
A detached garage offers flexibility and separates vehicle fumes from the house. However, consider its condition, the walk to the house in winter, and whether it has electrical service. For some, it presents a potential workshop space; for others, it's an extra structure to maintain.

5. This house is over 100 years old. What should I prioritize during an inspection?
Beyond standard inspections, focus on the updates to the basement renovation for proper waterproofing and drainage, the age and condition of the roof, wiring (ensuring it's been updated from original knob-and-tube), plumbing, and the foundation's integrity. The charm of an older home comes with the responsibility of understanding its core systems.