Property Overview
This 1920-built, one-and-three-quarter storey home on Pacific Avenue in Brooklands presents a straightforward opportunity. Its key characteristic is its modest scale, with 858 square feet of living space on a roughly 2,600 square foot lot. The data suggests it is a home of averages and below-averages for its immediate area, particularly in its assessed value and lot size compared to the broader neighbourhood and city. There is no basement, garage, or pool.
Its appeal lies primarily in its affordability and location within a established community. The sale history shows a significant price correction between 2019 and 2023, potentially indicating a reset to a very accessible entry point. It would suit a pragmatic, first-time buyer or an investor looking for a low-cost holding in Winnipeg. It’s not a fit for those seeking modern finishes, ample storage, or space for a growing family without significant renovation.
Frequently Asked Questions
1. Why is the recent sale price so much lower than the 2019 sale?
The drop from $110,000 in 2019 to $16,500 in 2023 is substantial. This typically indicates a sale under very specific conditions, such as a distressed sale, estate transfer, or a sale "as-is" for land value, possibly with the home in need of major repairs or slated for demolition.
2. What does "one-and-three-quarter storey" mean for this home?
This classic Winnipeg style usually means the second floor has sloped ceilings (following the roof line) with finished living space, but the square footage is less than a full second storey. It often creates cozy, character-filled bedrooms but with less usable space and headroom than a modern two-storey.
3. How does the lack of a basement affect this property?
It eliminates potential for additional finished living space, a traditional laundry area, and significant storage. Utilities like the furnace and water heater will be on the main floor, occupying living space. This is a significant consideration for winter storage needs and potential renovation limits.
4. The data says the lot is "around average" for the street but "below average" for Brooklands. What does that mean?
It means that while the lot size is fairly typical for Pacific Avenue itself, the street is comprised of smaller lots compared to the wider Brooklands neighbourhood. You're buying into a specific, likely older, subsection of the community.
5. Who might this property not be suitable for?
It is likely not suitable for buyers who cannot handle major renovation projects, require immediate move-in readiness, or need multiple bedrooms and bathrooms. The lack of a basement and garage also makes it a challenging fit for anyone with a vehicle or requiring significant storage.