Property Overview

This one-storey home on Manitoba Avenue in Winnipeg's Burrows Central neighbourhood presents a straightforward opportunity. Built in 1923, its key characteristic is a living area of 1,105 sq ft, which is notably above average for both the immediate street and the broader neighbourhood. The property sits on a 2,995 sq ft lot. It features a basement that exists but is unrenovated, and there is no garage or pool. The home last sold in January 2021 for $15,800 and carries a current assessed value of $17,900.

The appeal here lies primarily in its utility as a land-value proposition or a functional living space in a central location. It suits a specific type of buyer: investors or handy owner-occupants looking for an affordable entry point into the market. The above-average interior space for the area is a practical advantage for a small household, while the lot size, though below the city average, is typical for the neighbourhood. This isn't a move-in-ready showhome; its value is rooted in its baseline utility and potential, whether as a rental property, a live-in project for a renovator on a tight budget, or a simple, no-frills residence. A less obvious perspective is that its very modest assessed value could represent a manageable property tax burden, which is a significant long-term cost consideration.

Frequently Asked Questions

1. What is the true condition of the basement?
The listing explicitly states the basement is "not renovated." Buyers should anticipate a raw or utility space that will require significant investment to finish for living purposes and should budget for professional inspection regarding moisture, foundation integrity, and necessary upgrades.

2. Is the price reflective of a "tear-down" property?
Given the age, likely condition, and the fact that the assessed value is almost entirely in the land, it's a possibility some buyers will consider. However, the above-average living area suggests the structure itself may still have functional utility, making it more of a "fixer-upper" than an automatic candidate for demolition.

3. How does parking work without a garage?
The property has no garage. Parking would be via on-street or possibly a rear lane/driveway, which is common for homes of this era in the area. Viewing the property and checking local bylaws is essential to confirm practical parking arrangements.

4. What are the immediate costs a new owner should expect?
Beyond any purchase price, a new owner must plan for updates to essential systems (roof, wiring, plumbing) common for a century-old home, potential basement moisture control, and general maintenance to preserve the structure. The low purchase price is typically balanced against these upcoming capital costs.

5. How does the assessed value relate to the likely selling price?
The assessed value ($17,900) is for municipal tax purposes and is often significantly lower than market value. The last sale was $15,800 in 2021. The eventual selling price will be determined by current market demand for such properties, its condition, and the buyer's plans for it, and will almost certainly be higher than these figures.