Property Overview: 1064 Manitoba Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1944, presents a compelling opportunity centered on its exceptional land size. The property sits on a 7,526 sqft lot, which places it in the top 1% for land area within its immediate neighbourhood and on Manitoba Avenue itself. This is its most distinguished feature, offering significant outdoor space and future potential in a city where large lots are increasingly rare. The home itself has a renovated basement and a detached garage, with a living area of 1,008 sqft that is typical for the local area.
Its appeal lies in a clear value proposition: a very large, established lot in Burrows Central at a price point that remains accessible. The recent sale price and assessed value are notably above average for the neighbourhood, suggesting the market recognizes the premium for the land. This property would suit a buyer looking for a solid footprint in the city—whether that’s for gardening, expansion, or simply having ample private space. It’s also a practical fit for someone comfortable with a home of a classic era, who sees the underlying value in the property’s generous dimensions over its modest interior size.
Frequently Asked Questions
1. What does the "top 1%" ranking for land area actually mean?
It means this property’s lot size is larger than 99% of comparable properties on Manitoba Avenue and in the Burrows Central neighbourhood. It’s a standout feature in a local context, even if larger lots exist elsewhere in Winnipeg.
2. The assessed value is above average for the area, but below average city-wide. Is that a concern?
Not necessarily. It reflects the local market dynamics of Burrows Central. The above-average assessment for the neighbourhood indicates official recognition of the property’s relative worth there, likely tied to the large lot. The city-wide comparison includes many higher-value districts, so it’s an expected result.
3. How might the age of the home (1944) affect ownership?
While the systems and structure are now 80 years old, the home has a renovated basement, which is a positive update. Prospective buyers should budget for ongoing maintenance typical of a house of this vintage and consider a thorough inspection to understand the condition of the original building envelope and mechanical systems.
4. Is the detached garage a standard feature for the area?
The provided comparable properties don’t specify garage types, so it’s not possible to say definitively. However, a detached garage on such a large lot is a practical asset, providing storage or workshop space separate from the house.
5. The home sold recently. What does that suggest?
The sale in December 2023 provides a very current, real-world benchmark for the property’s market value. The fact that it sold for well above the assessed value of similar homes in the neighbourhood reinforces the idea that buyers are willing to pay a premium for the combination of a renovated element and, most notably, the substantial lot size.