Property Summary: 55 Gallagher Avenue W, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home in Brooklands, built in 1905. Its key characteristic is its proportion: a relatively generous 2,510 sqft lot paired with a compact 553 sqft living area. This creates a property defined more by its outdoor space and potential than by its current interior footprint. The home’s assessed value is notably low compared to city-wide averages, reflecting its age and size.
Its appeal lies in its role as a true blank slate or investment foundation. It suits a specific type of buyer: the hands-on renovator looking for a lot with space to expand, an investor seeking an entry point into the market with land value, or someone prioritizing minimal property taxes and utility costs. While it ranks below average in most metrics for the neighbourhood, it offers a rare opportunity to own a lot of above-average size for the immediate street, suggesting future potential that newer, more densely built areas may not offer.
Frequently Asked Questions
1. What does the "Top 57%" ranking for land area mean?
It means this property's lot size is larger than 57% of other lots on Gallagher Avenue W. While below average for the broader Brooklands area and city, it has a better-than-median lot size for its specific street.
2. The home was built in 1905. What should I consider?
Expect older building materials and systems. A thorough inspection is essential to understand the condition of the foundation, wiring, and plumbing. While this requires investment, it also means the structure may have a character not found in newer builds.
3. The living area is very small. Can it be expanded?
The 553 sqft size confirms this is a compact home. However, the lot size of 2,510 sqft provides a clear opportunity for a thoughtful addition or a complete rebuild, subject to local zoning and building bylaws.
4. Why is the assessed value so much lower than the city average?
Assessed value is based on the property's current state and recent sales of similar properties. The combination of a very small, 121-year-old home on a modestly-sized lot in this area results in a low assessment, which directly correlates to lower property taxes.
5. Who would this property not be suitable for?
It is not suitable for buyers seeking a move-in-ready home, those needing multiple bedrooms, or anyone unwilling to undertake significant renovation or rebuilding projects. Its value is in its potential, not its current condition.