Property Overview & Key Characteristics

This one-and-a-half storey home, built in 1915, is a compact and character-filled property on a standard city lot in Brooklands. Its primary appeal lies in its renovated basement and its position as a relatively affordable entry point into the Winnipeg market. The living space of 892 sq ft is modest but typical for the immediate area, offering a cozy footprint. The lot size, while below average for the city, is actually around the norm for Pacific Avenue itself, suggesting a streetscape of similarly scaled homes.

This property would suit a first-time buyer, an investor looking for a manageable rental, or someone seeking a lower-maintenance home without a large yard or garage. Its below-average assessed value compared to the neighbourhood and city indicates a potentially lower tax burden, which is a practical advantage. A thoughtful perspective is that a home of this age and size on a decent lot could offer the right balance of vintage charm and manageable scale for someone wanting to live lightly and invest in a established community like Brooklands, rather than seeking a large or modern space.

Frequently Asked Questions

1. What does "renovated basement" typically mean for a home of this age?
It usually indicates functional updates, such as a finished living area, proper flooring, and modernized electrical or insulation. Given the home's age, it's important to verify the scope of the renovation, the quality of moisture control, and whether any necessary structural updates were addressed.

2. How does the lack of a garage affect daily living and resale?
For many in established neighbourhoods, on-street parking is the norm. While a garage is convenient, its absence keeps purchase and maintenance costs lower. Buyers should assess street parking availability during different times to ensure it meets their needs.

3. The assessed value is significantly below the city average. Is this a concern?
Not necessarily. It primarily reflects the home's modest size and the neighbourhood's market relative to the wider city. A lower assessment often translates to lower property taxes, which is a financial positive for the owner.

4. Is a 111-year-old home expensive to maintain?
Older homes require attentive upkeep. While the renovated basement is a plus, prospective buyers should budget for and prioritize inspections of fundamental age-related systems: the foundation, roof, plumbing, and wiring to understand future maintenance liability.

5. The home last sold in 2016. What should I consider?
This indicates the sellers have owned the property for several years. It’s worthwhile to ask what improvements they have made during their ownership beyond the basement renovation, and to understand their reasons for selling now, as long-term owners can often provide deep insight into the home and area.