Property Overview: 7 Ada Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in Brooklands is a practical property with a renovated basement and a detached garage. Built in 1961, it sits on a lot that is notably larger than many in the neighbourhood, offering above-average outdoor space for the area. With 857 sqft of living space, the home itself is compact and efficient, typical of its era. The recent sale in July 2024 suggests a refreshed market valuation.
Its primary appeal lies in its land size and its position as a solid, no-frills entry point into the Winnipeg market. The renovated basement adds functional living space and is a key modern update. This property would suit a first-time buyer, an investor looking for a manageable rental, or someone seeking a lower-maintenance home with a good yard-to-footprint ratio. It represents value not in high-end finishes, but in offering the fundamentals—space, a key renovation, and a garage—at an accessible level.
Frequently Asked Questions
1. How does the lot size compare?
The land area of 4,848 sqft is significantly larger than the average lot in Brooklands, placing it in the top 19% for the neighbourhood. This is one of the property's standout features.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the permits, finish quality, and whether it includes a separate entrance or additional bedrooms.
3. Is the assessed value a reliable indicator of the sale price?
The property recently sold for $271,000, which is substantially higher than its $26,400 assessed value. This is a common discrepancy, as assessed values for tax purposes often lag behind market values. The sale price is the true market indicator.
4. What is the neighbourhood like?
Brooklands is a mature, established neighbourhood. The property's metrics show it is very typical for the area in terms of year built and living area, suggesting a streetscape of similar, modest post-war homes.
5. How does this home compare to others in Winnipeg overall?
City-wide, this is a compact home on a standard lot, with a sale price well below the Winnipeg average. It highlights that this property is positioned within the affordable segment of the broader market, offering value within its specific community context.