Property Overview
This one-storey home on Ross Avenue W in Brooklands is a compact, character property built in 1910. Its primary appeal lies in its renovated basement and its efficient use of space, offering a living area that is above average for the Brooklands neighbourhood. The lot is modest, especially compared to city-wide averages, which translates to lower maintenance. The home last sold in 2021 for $20,500, with a current assessed value aligning with nearby properties. It suits a first-time buyer, an investor, or someone looking for a practical, low-maintenance footprint with modernized living space below grade. Its value is functional and straightforward, rather than being in expansive land or new construction.
Key Characteristics & Ideal Buyer
- Key Features: The home is defined by its 1910 character, a recently renovated basement, and a detached garage. With 1,048 sqft of living space, it is notably roomier than many other homes in Brooklands. The lot size of 2,595 sqft is compact, requiring less yard work.
- Primary Appeal: The appeal is practical and financial. The renovated basement adds immediate, usable living space without the need for a project. Its below-average city-wide assessed value suggests a potentially lower property tax burden, while the sales history indicates a stable, accessible price point in the market.
- Ideal Buyer Profile: This property is well-suited for a pragmatic first-time homebuyer seeking an entry point with move-in-ready updates, or for an investor looking for a manageable rental property. It would also fit someone downsizing who wants a single-level layout (with additional basement space) and a smaller yard to maintain.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal, separate suite. A buyer should verify its compliance with local zoning and building codes, especially if rental income is a consideration.
2. What does the compact lot size mean for me?
At 2,595 sqft, the lot is significantly smaller than the Winnipeg average. This means less outdoor maintenance, but also limited space for additions, large gardens, or extensive private outdoor living areas.
3. How does the 1910 build year affect the home?
While full of character, a home of this age will likely have older infrastructure. A thorough inspection is crucial to understand the condition of the foundation, plumbing, electrical systems, and insulation, which may need updating or ongoing maintenance.
4. The assessed value seems low. Does that indicate a problem?
Not necessarily. The assessed value is close to the neighbourhood average for Brooklands. The lower value compared to the city-wide average reflects the home's modest size, lot, and the general market values in the area, which can be a benefit for property taxes.
5. What is the neighbourhood like?
Located in Brooklands, the home is on a street with very similarly valued and sized properties, suggesting a consistent, established community. Buyers should explore the area to assess proximity to amenities, transit, and overall street appeal firsthand.