Property Summary
Key Characteristics & Appeal
This is a modest, one-storey home on a standard city lot in Brooklands. Built in 1945, its key characteristic is its compact 572 sqft living area, which is significantly smaller than most homes in the area. The appeal lies in its simplicity and potential as an affordable entry point into the Winnipeg market. The detached garage and a lot size that is average for the neighbourhood offer flexibility for parking, storage, or future expansion.
It would best suit a first-time buyer, an investor, or someone looking to downsize to a minimal footprint without leaving the city. The very low assessed value suggests a correspondingly modest purchase price, making it a practical choice for budget-conscious buyers. A thoughtful perspective is that this property represents the "bones" of a home—it's more about the land, location, and possibility than the existing structure, appealing to those who see value in a blank canvas or a long-term hold.
Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
The home is a compact, one-storey bungalow built in the post-war era. Its floor plan is inherently smaller than many later builds and multi-level homes in the area, which is reflected in the data showing it ranks in the bottom 3% for living space on its street.
2. What does the assessed value tell me about the property?
The assessed value is for municipal tax purposes and is notably low ($17,700), which typically indicates a modest improvement value relative to the land. This often correlates with a lower purchase price and property taxes, but it's essential to get a market evaluation for the current sale context.
3. Is the lot size typical for Brooklands?
Yes. At 3,744 sqft, the land area is squarely average for the Brooklands neighbourhood, ranking in the top 50%. This is a standard city lot, providing the typical yard space and setback you'd expect in the community.
4. Who might this property not be suitable for?
It may not suit a growing family needing multiple bedrooms or spacious common areas, or a buyer seeking a move-in-ready home with modern, open-concept living. Its compact size requires efficient use of space.
5. The home sold in 2019; what can that price tell us?
The previous sale price of $160,000 provides a historical benchmark, but it should be considered in the context of the 2019 market. It primarily confirms the property's position as an affordable option, and current value will be influenced by market conditions, any changes made since then, and the home's present condition.