Property Overview & Key Characteristics
This 1950-built, one-storey home on a 3,893 sqft lot in Brooklands presents a straightforward opportunity. Its primary appeal lies in its land and location rather than the existing structure. The 876 sqft living area is modest and functional, with an unrenovated basement and a detached garage. The lot size is notably above average for both the immediate street and the Brooklands neighbourhood, offering valuable outdoor space and potential.
This property is well-suited for a practical buyer looking for a foothold in the market. It would appeal to an investor or a hands-on homeowner who sees value in the lot size and is planning a future renovation, expansion, or rebuild. Its assessed value positions it as one of the more accessible entry points in the city, ideal for those prioritizing land potential and location over move-in-ready finishes. A thoughtful perspective is that, while the home itself is unassuming, its lot size ranks in the top third on its street—a less obvious advantage that provides flexibility and future options not available with a smaller parcel.
Frequently Asked Questions
Q: How does the lot size compare to others in the area?
A: The 3,893 sqft lot is a key feature. It's larger than average for both Ross Avenue West and the broader Brooklands neighbourhood, ranking in the top 34% and 43% respectively for comparable properties.
Q: Is the house in move-in condition?
A: The listing notes the basement is "not renovated," suggesting the home would benefit from updates. It is likely best considered a candidate for renovation or value-addition over time.
Q: What is the significance of the assessed value being much lower than the city average?
A: The assessed value of $19,800 ranks in the bottom 8% citywide, reflecting the home's modest size and condition. This typically indicates a lower property tax base, but it's crucial to distinguish this from market value, which is determined by current sale prices.
Q: What type of neighbourhood is Brooklands?
A: Based on the data, Brooklands features homes with generally smaller lot and living areas compared to the Winnipeg average, suggesting a established, more compact community. The year-built averages indicate a mix of older homes, like this one, alongside some newer builds.
Q: Are the rankings provided a reliable measure of value?
A: They are a useful comparative tool, not a definitive verdict. For instance, while the living area is below average for the street, it is close to the average for Brooklands. The rankings best highlight this property's relative strength: its above-average lot size within a community of smaller, affordable properties.