1074 Manitoba Avenue

Property Overview: 1074 Manitoba Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1927, presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its key characteristics are its modest 996 sqft living area, a full (but unrenovated) basement, and a detached garage on a 3,769 sqft lot. The home’s assessed value is notably low, which is reflected in its recent sale price.

The primary appeal lies in its position as an affordable entry point into the market. The lot size is above average for the immediate neighbourhood, offering good outdoor space relative to nearby homes. It suits practical buyers looking for a land-value play or a foundational project. This could be ideal for an investor seeking a rental property with a low acquisition cost, a handy homeowner prepared to take on a gradual renovation, or someone looking to minimize their property tax base. A less obvious perspective is that its "around average" metrics for the street and area suggest it’s a very typical property for Burrows Central, offering a stable benchmark without the premium or severe drawbacks seen in other parts of the city.

Section 2: Frequently Asked Questions

1. Is this a move-in ready home?
No. The listing explicitly notes the basement is "not renovated," and the home's age and sale price suggest it requires updates and likely some repairs. Buyers should budget for improvements.

2. Why is the assessed value so much lower than the citywide average?
The assessed value is based on the property's characteristics and the local market. In Burrows Central, average values are significantly lower than the Winnipeg-wide average, which is skewed by higher-value neighbourhoods. This property's value is typical for its specific area.

3. What does the lot size ranking mean for me?
The lot is in the top 24% for size within Burrows Central, meaning it's larger than most in the neighbourhood. This is a relative advantage for outdoor space, potential expansion, or landscaping compared to immediate neighbours.

4. The home sold recently in March 2025. What does the price history indicate?
It sold for $24,500 in March 2025, which was up from $17,500 in December 2024. This recent activity suggests a fluid market for value-priced properties in the area, but the price point remains firmly in the affordable segment.

5. Are the nearby reference properties similar?
The provided references show a wide range. While 1036 Magnus Ave is somewhat similar in size and value, 1074 Burrows Ave is much larger. This highlights the diversity of housing stock in Burrows Central; this listing sits at the more compact and affordable end of that spectrum.