Property Overview
This 1925-built, one-and-a-half storey home on Bannatyne Avenue W in Brooklands presents a straightforward opportunity. With 1,063 sqft of living space and a 2,474 sqft lot, its key characteristic is its modest scale and valuation. The home has an unrenovated basement and no garage. Its appeal lies in its simplicity and position as an entry-point property in the city. The lot size is notably smaller than area averages, but the living space is actually above average for the immediate Brooklands neighbourhood. Recent sale prices and the assessed value are consistently well below Winnipeg-wide averages, indicating a very accessible price point.
This property would suit a first-time buyer, an investor looking for a rental property, or someone seeking a low-maintenance, no-frills home with renovation potential. It’s a practical choice for those whose priority is cost-of-entry and location over size or modern finishes. A less obvious perspective is that its smaller lot could be a perk for buyers who want minimal yard upkeep. Additionally, its assessed value being significantly lower than the city average suggests property taxes will be comparatively low, an ongoing financial benefit.
Frequently Asked Questions
1. What is the true condition of the basement?
The listing explicitly states the basement is "not renovated." Buyers should anticipate a functional but unfinished space that may require addressing foundational, moisture, or updating needs typical of a century-old home.
2. How does the small lot size impact the property?
At 2,474 sqft, the lot is smaller than most in the area. This limits expansive outdoor space but translates to less yard maintenance. It’s a practical fit for those not wanting extensive gardening or landscaping responsibilities.
3. Who might this property not be suitable for?
It likely won’t suit buyers needing ample storage (no garage), multiple dedicated bedrooms, or modern, move-in-ready finishes. Families requiring larger indoor and outdoor space may find it too compact.
4. Why is the assessed value so much lower than the Winnipeg average?
The assessed value of $20,800 reflects the home's age, modest size, lack of renovations, and the market values in the Brooklands area. It’s in line with neighbouring properties and indicates a proportionally lower property tax burden.
5. What does the sales history tell us?
The home sold for $22,800 in 2021 and $18,600 in 2016. This shows stable, modest appreciation in line with its value tier and suggests a market that is not highly volatile, which can be appealing for budget-conscious planning.