Property Summary: 251 Sgt Tommy Prince Street

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1951, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in its generous, above-average land size of nearly 5,000 sq ft for the area, offering clear potential for expansion, gardening, or outdoor space—a notable asset in an urban setting. The living space (914 sq ft) is typical for the immediate street and neighbourhood, suggesting a manageable layout for a smaller household or first-time buyer.

The home suits buyers with a vision for the future, particularly those comfortable with a property that has an unrenovated basement and may require updates. Its significantly lower assessed value compared to the Winnipeg city average indicates a more accessible entry point into the market. This property is likely a strong fit for value-oriented buyers, such as DIY enthusiasts, investors looking for a land-value play, or individuals prioritizing lot size over a move-in-ready finish. A thoughtful perspective is that while the home itself is modest, its standing is stronger within its local context (ranking well for land size in Burrows Central) than when compared city-wide, highlighting the importance of neighbourhood-level evaluation.

Section 2: Frequently Asked Questions

1. What does "one-and-a-half storey" typically mean for this era of home?
It usually indicates a home where the second level has sloped ceilings (following the roof line) and potentially smaller rooms, often originally designed as bedrooms. This differs from a full two-storey with a standard, full-height upper floor.

2. The assessed value seems very low. Does this affect my property taxes?
Yes, property taxes are calculated using the assessed value. A lower assessment generally results in a lower municipal tax bill, which is a ongoing cost advantage, though the final sale price may be higher than this assessed figure.

3. How significant is the lot size here?
At 4,913 sq ft, the lot is in the top 10% for size within the Burrows Central neighbourhood. This is a key feature, as it provides more private outdoor space and future potential than many nearby properties.

4. The home last sold in 2019. What should I consider?
While the 2019 sale price provides a recent benchmark, market conditions have likely shifted. It’s important to research current sales of comparable properties in the last 3-6 months to understand today's value.

5. The basement is noted as "not renovated." What are the implications?
This suggests the basement is in original or functional condition, not updated for modern finishes. It may be suited for laundry and storage, and any development for living space would be a project for the buyer. It's advisable to have a inspector check for foundational integrity, moisture, and necessary repairs.