Property Overview
This 1922 one-storey home on a 2,497 sqft lot in Brooklands is a straightforward, value-oriented property. Its key appeal lies in its position as an affordable entry point into the Winnipeg market, particularly for a stand-alone house with a detached garage. The living space (889 sqft) is compact and typical for the immediate area, though smaller than the citywide average. Notably, the lot size is smaller than most in the neighbourhood and city, which can mean lower maintenance. The home has an existing basement, noted as unrenovated, presenting both a project and an opportunity for future expansion.
It would best suit a first-time buyer, an investor, or a hands-on individual looking for a low-cost footprint to build equity. The recent sale price ($24,400) is significantly below the city's average home value, highlighting its role as a practical, no-frills option rather than a move-in-ready showpiece. Its older age (104 years) suggests character but also implies a need for attention to maintenance and systems.
Frequently Asked Questions
1. Is the low sale price a red flag?
Not necessarily. The price is consistent with the home's assessed value and is reflective of its smaller lot and living area, older age, and unrenovated condition. It indicates a property priced for its current state, offering a lower barrier to entry.
2. What does "below average" lot size actually mean for me?
While the lot is smaller than most in Brooklands, it requires less upkeep—a potential advantage for a busy owner or investor. It may limit expansion possibilities, but for many, the trade-off for affordability and reduced yard work is worthwhile.
3. The home is over 100 years old. What should I prioritize?
Beyond cosmetic updates, a focus on core systems is wise. Enquire about the condition of the roof, foundation, plumbing, and electrical. The unrenovated basement should be checked for moisture issues and insulation.
4. Who might this property not suit?
It may not suit buyers seeking a turn-key home, those needing significant space, or anyone wary of the ongoing maintenance and potential upgrade costs associated with a century-old house.
5. How does the assessed value compare to the sale price?
The sale price ($24.4k) came in above the assessed value ($19.3k), which is common in active markets. This suggests the market recognized value beyond the formal assessment, likely based on the land value and the potential of the property.