Property Overview: 1835 Midmar Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home built in 1952 on a standard city lot in Brooklands. Its primary appeal lies in its position as an affordable entry point into the Winnipeg market, particularly for a land-owning property. The lot size (3,693 sqft) is very typical for the street and neighbourhood, offering a manageable outdoor space. With a compact living area of 731 sqft, no basement, and no garage, the home itself is straightforward and low-maintenance.
The property would best suit first-time buyers, investors, or downsizers with a practical mindset and a limited budget. Its value is fundamentally in the land and location, not the existing structure. A thoughtful perspective for the right buyer is viewing this as a "blank canvas" property—the existing home provides basic shelter while you plan for future renovation or potential redevelopment, all from a position of owned land in an established community. The recent sale in 2023 at $170k, which aligns with the assessed value, confirms its standing as a baseline, no-frills opportunity in the city.
Frequently Asked Questions
1. What is the actual condition of the home?
The listing provides metrics on size and value, but not condition. Given the age (74 years), compact size, and lack of noted updates, prospective buyers should budget for a thorough inspection and anticipate potential updates to systems, windows, or insulation.
2. Is this a good investment property?
Its low entry price and typical lot size make it a candidate for a rental investment, especially for a single tenant or small household. However, the lack of a basement or garage may limit rental appeal compared to other properties, so market research on achievable rents in Brooklands is essential.
3. What are the possibilities for expanding or rebuilding?
The lot dimensions are standard for the area. While the existing footprint is small, there may be potential to expand the bungalow or, in the long term, consider a rebuild, subject to City of Winnipeg zoning bylaws and building codes. The value here is in having options over time.
4. How does the lack of a basement and garage impact daily life?
This means all living and storage is on the main floor. Buyers would need creative storage solutions and would have to consider where to place mechanical systems (furnace, water heater). Vehicle parking will be limited to the driveway or street.
5. The assessed value seems very low compared to the city average. Why?
The city-wide average assessed value is skewed by newer, larger homes and more expensive neighbourhoods. This assessment accurately reflects a smaller, older home on a standard lot in Brooklands. The 2023 sale price of $170k validates that the market price is closely aligned with this municipal assessment.