Property Overview & Key Characteristics
This one-storey home on a 3,733 sqft lot in Brooklands is a straightforward property with clear practical appeal. Its key characteristic is its modest 713 sqft living area, which is notably compact compared to most homes in Winnipeg. Built in 1954, it features a detached garage and an unrenovated basement. The appeal lies in its affordability and low property tax base, as indicated by its well-below-average assessed value. The lot size is above average for the city, offering potential outdoor space or future expansion relative to the home's footprint.
It would best suit a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist, low-maintenance living situation. A thoughtful perspective is that this property represents a true entry point into the market, where value is derived more from land ownership and location than from the existing structure. It’s a canvas for a buyer willing to renovate or expand over time.
Frequently Asked Questions
1. Is the home move-in ready?
The listing notes the basement is "not renovated," suggesting the home likely requires updates. Buyers should budget for improvements and expect a property that reflects its age and assessed value.
2. Why is the living area so much smaller than average?
At 713 sqft, this is a compact, classic one-storey layout. This size was more common for its era and contributes directly to its lower assessed value and property taxes.
3. What does the lot size mean for potential?
The lot is larger than the Winnipeg average, which is a positive. It provides valuable outdoor space and could allow for additions, a garden, or storage, offering future flexibility the current home does not.
4. How should I interpret the assessed value and past sale price?
The assessed value ($18.4k) is for taxation purposes and is very low, indicating low annual property taxes. The 2020 sale price of $15.3k reflects the home's niche as a very affordable, no-frills property, not a typical market sale.
5. Who is the typical buyer for a home like this?
This property is primarily for practical buyers: those seeking the lowest possible entry into homeownership, investors for whom the numbers must work for rental income, or individuals comfortable with a project to gradually increase comfort and value.