Property Overview: 990 Manitoba Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This property is defined by its significant, above-average land size in a central Winnipeg neighbourhood. The lot of nearly 6,000 sqft is notably larger than most in the immediate area and represents the home's primary asset. The house itself is a compact, one-and-a-half storey character home built in 1910, with 760 sqft of living space and an unrenovated basement. It includes a detached garage.

The appeal lies in a clear value proposition: this is a land-play or a foundational project. The low assessed value and historically low sale price point to a property where the value is held predominantly in the land, not the existing structures. It suits a specific type of buyer: investors or handy owner-occupiers looking for a lot with potential for expansion, redevelopment, or a long-term hold in a central location. It’s not a move-in-ready home, but a canvas. A less obvious perspective is that the large lot in an established neighbourhood offers a rare opportunity for green space, gardening, or outdoor amenities that are typically unaffordable on similarly priced parcels in other areas.

Section 2: Frequently Asked Questions

1. Is this a teardown property?
While the existing home is modest and older, it is still a standing structure. The decision to renovate, expand, or redevelop would depend on a buyer's goals, budget, and a professional inspection of the home's condition. The lot size certainly allows for various options.

2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's current state, size, and characteristics relative to the broader Winnipeg market. It indicates that the existing improvements (the house) contribute less to the overall value compared to the land itself, which is common for older, smaller homes on large lots.

3. What can the large land area be used for?
Beyond the potential for future construction, the sizable lot allows for extensive private outdoor space, which is a premium in central neighbourhoods. This could mean room for large gardens, recreational areas, or additional parking.

4. How does the living area compare to nearby homes?
At 760 sqft, the living space is below the average for both the street and the wider Burrows Central neighbourhood. This confirms the property is best viewed as a starter home with expansion potential or a project requiring investment to increase its livable square footage.

5. What does the "below average" year built ranking mean for a buyer?
Built in 1910, the home is older than most in Winnipeg. This suggests potential for character but also necessitates a thorough check of major systems (foundation, wiring, plumbing, roof) for modern functionality and upcoming maintenance costs. It is a century-old structure.