Section 1: Property Overview

This one-storey home at 473 Brooklyn Street in Winnipeg's King Edward neighbourhood presents a straightforward, no-frills opportunity. Its key characteristic is its affordability, underscored by a very low assessed value that places it in the bottom tier compared to most of the city. With 760 sqft of living space and no basement, garage, or pool, it's a compact and simple structure on a modest 2,297 sqft lot. Built in 1913, it is notably older than most area homes.

The appeal lies in its potential as an entry point into the market or as a bare-bones investment property. It suits buyers with very limited capital, those seeking a minimal footprint, or investors looking for a low-cost asset that could be renovated or held for land value. A less obvious perspective is that its rock-bottom official valuation might offer relative tax savings compared to more updated homes, and its age could appeal to someone interested in the history of Winnipeg's early 20th-century housing stock, though it would require significant investigation and likely investment.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's older age, smaller size, and basic characteristics compared to the broader market. It is ranked in the lowest percentiles for its street, neighbourhood, and city, indicating it is considered a more modest asset by municipal assessment standards.

2. What does "no basement" mean for this home?
It indicates the house is built on a slab or crawl space, with no below-grade living or storage area. This limits utility and storage space and may influence heating system placement and renovation options.

3. How does the sold price history from 2016 relate to today's value?
The last recorded sale was between $8,500 and $11,500 in late 2016. This historical figure provides context for the property's past market position but does not reflect current market conditions, which must be determined by a new appraisal or comparative market analysis.

4. Who would this property be most suitable for?
It is best suited for an extremely budget-conscious first-time buyer, a hands-on investor planning a renovation, or someone seeking the absolute minimum carrying costs. It is less suitable for those needing space, modern amenities, or who are not prepared for potential maintenance associated with a 113-year-old home.

5. How should I interpret the ranking data for Living Area and Year Built?
The rankings show this home is smaller and older than most comparable properties on its street, in King Edward, and across Winnipeg. For example, its living area is in the top 71% on its street, which means 71% of comparable street properties are larger than it is. This quantifies its position as a more compact and historic option in its peer group.