Property Overview: 1609 Manitoba Avenue

This one-and-a-half storey home, built in 1947, presents a straightforward opportunity in Winnipeg's Burrows-Keewatin neighborhood. Its key appeal lies in its proportionally large lot—at 4,724 sq ft, the land area ranks in the top quarter of properties on Manitoba Avenue—paired with a very modest assessed value. The living space (879 sq ft) is compact, indicating a home that is likely efficient to maintain and heat. With a detached garage and no basement, it offers a specific type of utility.

This property would suit a pragmatic buyer, such as a first-time homeowner comfortable with a smaller footprint, an investor looking for a land-value play with existing rental income potential, or someone seeking a lower-cost entry into the market with room for future expansion or landscaping. Its value is grounded more in the land and location than in the size or modern features of the dwelling itself.

Frequently Asked Questions

1. What does "below average" living area mean in practical terms?
At 879 sq ft, the home is notably cozier than many in the city. This suggests a efficient, no-frills layout ideal for a single person, a couple, or someone looking to minimize cleaning and utility costs.

2. The assessed value seems very low compared to the city-wide average. Why?
The assessed value reflects the property's market value for tax purposes. A value of $17,900 is significantly below the Winnipeg average, which typically indicates a very modest improvement (the house itself) on the land. Taxes would be correspondingly low, but financing a purchase may require a substantial down payment.

3. Is the large lot a major advantage?
Potentially. It offers valuable outdoor space, room for gardening, adding a shed, or even future expansion (subject to zoning). In this context, it represents a scarcity of space in an established area, which can be a long-term asset.

4. What are the implications of having no basement?
This eliminates concerns about basement flooding or moisture issues common in older Winnipeg homes, and reduces maintenance. However, it also means no traditional storage or utility space; all mechanical systems and storage must be accommodated on the main floors or in the garage.

5. How should I interpret the neighborhood ranking data?
The rankings show the property's position relative to local peers. For example, while the lot size is above average for the street, the year built and living area are older and smaller than most in the immediate Burrows-Keewatin area. This highlights a property that is somewhat atypical for its specific neighborhood, which can represent a unique value or a specific set of trade-offs.