Property Summary: 1601 Manitoba Avenue, Winnipeg

Key Characteristics & Appeal

This is a modest, one-and-a-half storey home built in 1947, situated on a notably spacious lot in the Burrows-Keewatin neighbourhood. Its key appeal lies in the land itself—at 4,724 sqft, the property offers an above-average lot size for Manitoba Avenue, presenting a clear opportunity for expansion, gardening, or future redevelopment. The home features an unrenovated basement and a detached garage.

With 881 sqft of living space, the house is compact and would benefit from modernization. Its most recent sale was in 2017 for a very accessible price point. The assessed value remains well below the Winnipeg city average, indicating a lower property tax burden and positioning it as an entry point into the market.

This property would best suit a practical buyer looking for a land-value play, such as a first-time homeowner comfortable with a project, an investor seeking a hold property with redevelopment potential, or someone wanting a manageable footprint with generous outdoor space. Its value is more foundational than finished, appealing to those who see potential in the lot and are prepared to invest sweat equity or capital over time.

Frequently Asked Questions

1. What does "unrenovated basement" typically imply?
It usually means the basement is in its original or functional state, with unfinished walls (concrete or bare studs), basic flooring, and older mechanical systems. It’s a blank canvas but may require addressing moisture-proofing, insulation, or updates to electrical and plumbing before finishing.

2. How significant is the lot size here?
Very. The lot is in the top 24% for size on Manitoba Avenue. For the right buyer, this extra land is the property's primary asset, offering room for a large addition, a detached workshop, or simply more private outdoor space than is common in this price range.

3. Is the 2017 sale price relevant today?
It provides historical context but is not a direct indicator of current market value. It does highlight the property's history as an affordable entry point. Current value is better reflected in its 2024 assessed value and, more accurately, by recent comparable sales and present market conditions.

4. What are the considerations with a detached garage?
A detached garage offers flexibility and separates workshop noise or fumes from the house. However, it requires going outdoors to access, which can be a drawback in Winnipeg winters. Its condition and potential for conversion (e.g., to a studio or workshop) should be evaluated.

5. Who is the typical buyer in this neighbourhood?
Burrows-Keewatin attracts a mix of long-term residents, families seeking affordability, and investors. This particular property, given its lot size and condition, is likely to draw buyers focused on long-term value through land ownership and gradual improvement, rather than those seeking a move-in-ready home.