Property Overview
This unit at 3-776 Manitoba Avenue is a compact, low-maintenance property built in 2014, making it notably newer than most homes in Winnipeg. Its primary appeal lies in its modern construction within an established neighborhood, offering a move-in-ready canvas with minimal upkeep. The very low municipal assessed value suggests correspondingly low property taxes, which is a significant financial advantage. The unit last sold in 2016 for $150,000.
Key Characteristics & Ideal Buyer
- Key Characteristics: This is a 791 sqft property with no basement, garage, or pool. Its standout feature is its 2014 build year, which ranks it newer than roughly 80% of all homes citywide. This implies modern building standards, systems, and efficiency. The living space is compact, and the assessed value is well below the city average.
- Where the Appeal Lies: The appeal is practical and financial. Buyers gain a modern, worry-free structure without the premium often attached to brand-new builds. The low assessed value translates directly to ongoing tax savings. It suits those who prioritize simplicity, cost predictability, and their own interior design over exterior space or historic charm.
- Who It Would Suit: This property is an ideal fit for first-time buyers, downsizers, or pragmatic investors seeking a modern, no-fuss asset. It would particularly suit someone who values newer mechanical systems (like heating and wiring) over square footage, and who prefers to allocate their housing budget to interior finishes rather than property taxes or major repairs.
Frequently Asked Questions
1. What does the "below average" assessed value mean for me?
A below-average assessed value typically results in lower annual property taxes compared to similar-sized homes, which is a tangible, long-term saving. It does not directly dictate market sale price.
2. The home has no basement or garage. What are the storage and parking implications?
Buyers should plan for creative indoor storage solutions and confirm on-site parking arrangements. The lack of a basement also means all mechanical systems (furnace, water heater) are on the main living level.
3. How significant is the 2014 build year in this context?
Very significant. Being built in 2014 means it is decades newer than most comparables in the area and citywide. This often translates to better energy efficiency, updated building code compliance, and less immediate need for major system replacements.
4. The home last sold in 2016 for $150,000. How should I use that information?
This provides a historical benchmark, but market conditions have likely changed. It's most useful as a point of discussion with your agent to understand market appreciation or shifts in the area over the past eight years.
5. The living area is noted as "below average." How will that affect daily life?
The 791 sqft layout will require efficient use of space. It promotes a simpler, low-clutter lifestyle and may not be ideal for those needing a dedicated home office or multiple separate living areas. However, it can be very efficient for one or two people.