Property Overview
This 1955-built, one-storey home on a 3,900 sqft lot in Brooklands presents a straightforward opportunity. Its key appeal lies in the land itself—the lot size is notably above average for Ross Avenue and the broader Brooklands neighbourhood. The living space is modest at 817 sqft, and the home’s assessed value is significantly below the Winnipeg average, indicating a property valued more for its location and lot than for the current structure.
This home would suit a value-conscious buyer looking for a foothold in the city, potentially a first-time homeowner comfortable with a smaller living footprint or an investor seeking a land-hold opportunity. Its below-average price for Winnipeg suggests room for future investment, whether through renovation, expansion, or eventual redevelopment, making it a practical canvas rather than a move-in-ready showcase.
Frequently Asked Questions
What does the "below average" citywide assessed value indicate?
It primarily reflects the home’s modest size and age compared to the Winnipeg average. It suggests the market value is driven more by the lot and location in Brooklands than by the current structure, which can represent a value entry point.
Is the lot size a significant feature?
Yes. At 3,900 sqft, the lot ranks in the top 25% on its own street and top 36% in Brooklands. This above-average outdoor space is a key asset, offering more potential for gardening, expansion, or future use than many nearby properties.
How does the 1955 build year compare to the neighbourhood?
It’s around average for Brooklands, where many homes were built mid-century. This means the home’s age is typical for the area, and finding compatible materials or understanding common issues for homes of that era is straightforward.
Who might this property not suit?
Buyers seeking a large, modern, or turn-key home without renovation plans may find the living space too compact. Similarly, those prioritizing immediate high-end finishes or a premium citywide assessment may need to look elsewhere.
What is the context of the 2020 sale price?
The home sold for $190k in July 2020. At that time, this price was around average for the street and neighbourhood but below average for Winnipeg, a trend consistent with the current assessment data and highlighting the area’s relative affordability within the city.