Property Overview & Key Characteristics
This 1985-built, one-storey home on a 4,002 sqft lot in Brooklands presents a practical and value-oriented opportunity. Its key appeal lies in its balance of a recently renovated basement, a lot size that is above average for the neighbourhood, and a modern build date relative to many Winnipeg homes. The living space is a manageable 1,000 sqft, suggesting a low-maintenance layout.
The property would suit first-time buyers seeking an entry point into the market with some immediate updates, or investors looking for a solid rental property with a desirable lot size. It also appeals to those who prefer a single-level floor plan. A thoughtful perspective is that while the home's assessed value is modest citywide, it ranks well on its own street, indicating it may represent a relative gem within its immediate, more affordable context.
Frequently Asked Questions
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finish quality, permits, and whether it includes a separate entrance or additional bedrooms.
How does the lot size compare?
At 4,002 sqft, the lot is larger than the average Brooklands property (which averages ~3,662 sqft). This is a standout feature, offering more outdoor space than many neighbouring homes.
Is the assessed value the same as the market price?
No. The last assessed value was $24,900, but the home sold for $210,000 in 2017. Assessments are for tax purposes and typically lag behind market value. The sale history provides a more relevant benchmark.
What is the neighbourhood like?
Brooklands is a established, no-frills neighbourhood. The property's metrics show it aligns with area norms for value and lot size, suggesting it's a characteristic home for this community.
Why is the citywide assessed value ranking so low?
The "Top 83%" citywide ranking means the assessed value is lower than most Winnipeg homes. This reflects the property's location in a more affordable area, not necessarily the condition of the home itself. It often translates to relatively lower property taxes.