Property Overview & Key Characteristics
This is a compact, no-frills property in Bruce Park, built in 1953. Its primary appeal lies in its affordability and location on a major arterial road, Portage Avenue. With a living area of just 462 sqft and no basement, garage, or pool, it represents a minimalist housing option. The data shows its assessed value and size are consistently below average for its street, neighborhood, and the wider city, which is directly reflected in its accessible sale price.
This property would suit a very specific buyer: a budget-conscious individual seeking an ultra-affordable entry into the Winnipeg market, possibly an investor looking for a straightforward rental unit, or someone who values a central location above interior space. Its minimal upkeep and low property taxes are definite practical advantages. A less obvious perspective is that such a compact, efficient space could appeal to someone embracing a deliberate, simplified lifestyle, where the location and financial freedom outweigh the need for square footage.
Frequently Asked Questions
1. What does "below average" in the rankings actually mean for a buyer?
It confirms this is a notably small and modestly valued property compared to others. This isn't a negative, but a clear indicator of its position as a budget-friendly, entry-level option rather than a standard family home.
2. Are there any major concerns with a home built in 1953?
While the age suggests potential for outdated systems, the recent sale in March 2024 likely means it passed a basic inspection for financing. A buyer's inspection is still essential to check the condition of the roof, wiring, and plumbing.
3. What are the implications of having no basement or garage?
It means very limited storage and no protected parking. Your utilities and heating system will be within the main living area. This reduces maintenance areas but requires creative storage solutions.
4. The property is listed with a unit number (9-1812). What is this?
The address format and proximity to other units with the same street number suggest this is likely a condominium-style property, such as a townhouse unit in a small complex or a converted building. Verification of strata/condo fees and rules is crucial.
5. Why is the assessed value so much lower than the recent sale price?
Municipal assessed value for tax purposes often lags behind market value and is calculated differently. The sale price of $120k is what a buyer recently agreed to pay, reflecting current market conditions, while the $11.8k assessment is used primarily for calculating annual property taxes.