Property Overview: 62 Brookshire Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 62 Brookshire Street in the Meadows neighbourhood is a compact, efficiently sized property built in 1985. With 680 square feet of living space and a 3,648 sqft lot, it sits well below the average size for both the area and the city. Its assessed value is notably low compared to immediate neighbours and the broader Meadows area, yet it aligns more closely with the city-wide average for value, suggesting its affordability is a standout local feature.

The primary appeal lies in its position as an accessible entry point into homeownership. It suits first-time buyers, investors seeking a rental property, or downsizers looking for minimal upkeep and a manageable space. A thoughtful perspective is that while the home is smaller, its lot size is relatively standard for its immediate street, offering balanced outdoor space for its footprint. Additionally, being newer than many homes city-wide could mean fewer concerns with major aging infrastructure compared to Winnipeg's older housing stock. It represents a practical, no-frills option where the investment is in the land and location rather than expansive square footage.

Section 2: Frequently Asked Questions

1. Is this a small house?
Yes. At 680 sqft, the living area is significantly smaller than most homes in the Meadows neighbourhood and across Winnipeg, placing it in the bottom 3-4% by size for both comparisons.

2. Why is the assessed value so much lower than the city-wide average shown ($390k)?
The $390k figure is the average assessed value of the comparison groups city-wide. This home's assessed value is $30,600, which is actually around the 69th percentile city-wide, meaning it's assessed higher than about 69% of properties. This indicates it is a lower-value property overall, which is reflected in its more affordable price point.

3. What does the sold price history tell us?
The home sold between $250,000 and $300,000 in 2022. This sale price ranked around the middle (50th percentile) for its street but was more affordable than about 83% of sales in the wider Meadows area at that time, highlighting its consistent role as a comparatively budget-friendly option.

4. Who might this property not suit?
It may not suit buyers requiring multiple bedrooms, dedicated home office space, or those who entertain large groups frequently due to the compact living area. Families needing room to grow would likely find it too limited.

5. How does the year built (1985) factor in?
Built in 1985, the home is newer than about 71% of properties across Winnipeg, which is an advantage. On its street and in its neighbourhood, it's around the average age. This suggests it may have modernizations compared to much older city homes but is typical for its immediate area, potentially balancing some updates with known maintenance patterns for homes of that era.