Property Summary: 1812 Lismore Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Brooklands is defined by its generous, above-average lot size—over 5,000 sqft—which stands out both on its street and within the neighbourhood. This presents a significant opportunity for gardening, outdoor living, or future expansion. The home itself is a practical 952 sqft bungalow from 1953, featuring a renovated basement, a detached garage, and a layout suited to efficient living. Its recent sale price and assessed value are notably accessible, positioning it well below the citywide average.
The primary appeal lies in securing a substantial piece of land in a established community at an entry-friendly price point. It perfectly suits first-time buyers, downsizers looking for single-level living without a condo fee, or investors seeking a land-value play with a rentable, updated basement. A thoughtful perspective: while the house is older on a street with some newer homes, this very fact contributes to its affordability and offers the charm and space of an older neighbourhood lot that is harder to find in new subdivisions.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg homes?
At 5,005 sqft, the lot is larger than approximately 54% of residential properties citywide, offering more outdoor space than the average Winnipeg home.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to request from the selling agent to understand if it’s a finished living space, a rental suite, or updated utilities.
3. Is the assessed value a reliable indicator of the market price?
The assessed value for taxation purposes is $26,100k, but the home sold for $24,300k in late 2019. Both figures are well below Winnipeg’s average, indicating a historically affordable property, but the current market value should be determined by a recent comparative market analysis.
4. What is the neighbourhood like?
Brooklands is an established neighbourhood. The data shows homes on Lismore Avenue have a mix of ages, with this home being one of the older ones on the block. This often translates to mature trees, varied architectural styles, and a settled community feel.
5. Are there any obvious concerns with an older home like this?
Built in 1953, potential buyers should prioritize inspections for foundational integrity, roof condition, and updates to major systems like plumbing, electrical, and heating, which may be original or nearing the end of their lifespan.