Property Overview
This 1961 one-storey home in Brooklands presents a compelling opportunity centered on its land and value. Sitting on a 5,075 sqft lot that is significantly larger than most in the immediate area and neighbourhood, the property’s primary appeal is its above-average outdoor space and a recently renovated basement. With a modest 952 sqft living area, the home is functionally sized rather than expansive. Its assessed value is notably above average for its street, suggesting a solid foundation of value within its specific locale. This combination suits practical buyers looking for a manageable home with room to grow outdoors, or investors attracted by the value of the lot and the upside of an already updated basement. It’s a property where the land tells a more promising story than the citywide living space metrics, ideal for someone who prioritizes yard space and neighbourhood-level value over a large interior footprint.
Frequently Asked Questions
1. How does the lot size compare practically?
The lot is over 5,000 sqft, which ranks in the top 15% on its street and top 12% in Brooklands. This means you're getting substantially more yard space than most comparable properties in the immediate area.
2. The living area is noted as below average citywide. How does it feel?
At 952 sqft, the home is compact. However, it's actually around the average size for Brooklands. The renovated basement effectively adds functional living space, making the overall footprint more practical.
3. What does the assessed value ranking indicate?
Its assessed value ranks in the top 13% on its street, meaning it's valued higher than most direct neighbours. This can indicate a perceived stability or desirability in its specific location, even though it's below the Winnipeg-wide average.
4. Is a home from 1961 a concern?
Built in 1961, it's newer than many homes on its street (average year built 1942) and in line with the neighbourhood average. While not new, it avoids the pre-war considerations of many area homes.
5. Who would this property suit best?
It's an excellent fit for first-time buyers or downsizers seeking a manageable home with a generous yard, or for value-focused buyers who see potential in the land size and updated basement, prioritizing lot over interior square footage.