Property Overview
This 1925 one-storey home on Pacific Avenue W in Brooklands is a compact, no-frills property centered on its land. With 654 sqft of living space and a detached garage, its primary characteristic is its modest scale. The appeal lies in its affordability and low property taxes, as reflected in its well-below-average assessed value. The lot size is fairly typical for the immediate street, offering a manageable outdoor space without extensive upkeep.
It would suit a very specific buyer: an investor looking for a rental property with minimal overhead, a hands-on individual seeking an extremely affordable entry into homeownership with plans to gradually improve it, or someone needing a small, functional dwelling close to the North End’s amenities and transit routes. It’s not a move-in-ready family home, but a practical base for those with realistic budgets and flexible visions.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property's current state, size, and market factors. This home's very small living area, age, and modest characteristics place its value significantly below the Winnipeg average, which includes newer and much larger homes.
2. Is the land large enough for an addition or redevelopment?
At 2,600 sqft, the lot is around average for the street but below the neighbourhood and city averages. Any expansion or redevelopment would need to carefully consider lot coverage bylaws and may be limited by the existing footprint.
3. What does the sale history indicate?
The property sold for $9,600 in May 2022, which is consistent with its low assessed value. This recent sale provides a clear, concrete benchmark for its market price in the current cycle.
4. Who might this property not be suitable for?
It would likely not suit buyers looking for move-in-ready condition, families needing multiple bedrooms or more space, or those unwilling to take on a property that may require updates or has limited interior square footage.
5. How does its age compare to nearby homes?
Built in 1925, it is older than most homes in the broader Brooklands area and the city. On its own street, however, its age is closer to the average, meaning the character and potential maintenance considerations are typical for that specific block.