Property Summary: 1945 Notre Dame Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a modest, one-storey home on a standard-sized lot in the Brooklands neighbourhood. Built in 1955, its key characteristic is its affordability, reflected in a very low assessed value. The living space (733 sq ft) is compact, placing it well below average for the city, which suggests a simple layout. The property features a detached garage and has no basement or pool.

Its primary appeal lies in its position as an accessible entry point into the Winnipeg housing market. It represents a low-barrier opportunity for a first-time buyer, an investor looking for a rental property, or someone seeking a minimal footprint. The lot size, while not large, is typical for the area and offers potential for outdoor space or future expansion, subject to regulations. It suits a practical buyer who prioritizes location and affordability over move-in-ready condition or size, and who is comfortable with a home that likely requires updates.

A less obvious perspective is that a home with such a low assessed value relative to its peers can indicate a "value-add" opportunity through renovations, or it may reflect a need for significant foundational repairs. Buyers should be prepared to investigate which scenario applies.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for taxation purposes and is influenced by the home's size, age, condition, and recent sales in the area. This home's compact size and older age contribute to its lower assessment compared to the Winnipeg average, which includes many newer and larger homes.

2. What does "below average" for living area mean for daily life?
With 733 sq ft of living space, the home's layout will be efficient. It likely has fewer or smaller rooms than many modern homes, suiting a single person, a couple, or someone comfortable with cozy, minimalist living. Storage space may be limited.

3. Is the 1955 build date a concern?
Homes from this era are common in Winnipeg. While it means systems (like wiring or plumbing) may be original or older, it doesn't automatically indicate problems. A thorough home inspection is crucial to understand the condition of the roof, foundation, and mechanical systems.

4. Who might this property not suit?
It may not suit a growing family needing multiple bedrooms, someone seeking a modern, open-concept layout without renovation work, or a buyer unwilling to potentially invest in updates or repairs that a home of this age and value might require.

5. The last sale was in 2022 for $13,200. What does that indicate?
A sale price close to the assessed value and far below typical market prices for a single-family home often indicates a transaction between family members, a sale of the land value only, or a home in need of substantial renovation. It is not representative of current market value for a standard, livable property.