Property Summary: 836 Manitoba Avenue

Section 1: Key Characteristics & Appeal

This is a classic, one-storey home on a standard city lot in Burrows Central. Built in 1905, it is a historic property that presents a clear value proposition centered on its land and potential, rather than its current condition. The home itself is quite compact at 490 sq ft and the basement is noted as unrenovated. It includes a detached garage.

Its primary appeal lies in its affordability and opportunity. The sale price is significantly below both neighbourhood and city-wide averages, making it one of the most accessible entry points into homeownership in Winnipeg. This is a property for a specific buyer: an investor looking for a land-value play, a hands-on renovator seeking a project with a very low initial cost, or someone prioritizing minimal mortgage debt over modern finishes. It’s not suited for those seeking a move-in ready or spacious family home. A thoughtful perspective is that such properties often serve as a critical, low-barrier entry into the housing market, allowing equity to be built through renovation or held through land value over time.

Section 2: Frequently Asked Questions

1. Why is the sale price so much lower than the assessed value?
The assessed value is an estimate for taxation purposes, often considering the property's potential. The sale price reflects the market's valuation based on the home's current, very modest condition and size, making it a land-value transaction.

2. What does "below average" for Year Built mean for me?
Built in 1905, the home is significantly older than most in the area. This typically means potential for character but also a higher likelihood of aging systems (like plumbing or wiring) that may need attention or updating.

3. Is the 490 sq ft living area accurate for the whole house?
According to the listed metrics, yes. This indicates a very compact living space, likely consisting of a few primary rooms. Buyers should verify this during a viewing and consider if the layout meets their needs.

4. Who would this property suit best?
It best suits an investor, a flipper with renovation experience, or a very budget-conscious first-time buyer willing to live in a project home. Its low price point is its key feature.

5. How does the lot size compare?
At 3,547 sq ft, the land area is around average for the Burrows Central neighbourhood but below the city-wide average. This provides a standard urban yard space and is a contributing factor to the property's underlying value.