Property Overview: 812 Manitoba Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a practical, renovated one-storey home on a standard city lot in Burrows Central. Built in 1960, it is notably newer than many surrounding homes, which often translates to fewer concerns over aging infrastructure. The home’s key features include a renovated basement and a detached garage. With 982 sqft of living space, it offers a compact and manageable layout.
The primary appeal lies in its position as a solid, no-frills entry point into the Winnipeg market. The data suggests it's a property that stands out positively within its immediate area—its assessed value ranks in the top 6% for the neighbourhood, indicating it is viewed as a higher-quality asset compared to nearby peers. This makes it a sensible choice for first-time buyers, investors seeking a renovated rental property, or downsizers looking for a low-maintenance, single-level home. Its value is very much rooted in the local context; while its metrics are strong for the street and neighbourhood, they are modest by city-wide standards, highlighting a property that offers good relative value within an affordable area.
Section 2: Frequently Asked Questions
1. How does the renovated basement add value?
A finished basement increases usable living space, which is a significant advantage in a smaller home. It provides flexibility for a family room, home office, or additional storage, making the overall footprint more functional.
2. Is the detached garage a pro or a con?
This depends on buyer preference. It provides secure storage and parking without consuming main-floor living space. However, it requires going outside to access, which can be less convenient in winter compared to an attached garage.
3. The assessed value seems high for the neighbourhood. Why?
The assessment ranks in the top 6% for Burrows Central, likely reflecting the home’s more recent build year (1960 vs. older neighbourhood averages) and the renovated condition. It suggests the property is in better physical state than many comparable homes nearby.
4. Who would this property not suit?
It may not suit buyers seeking ample indoor space or a large yard, as both the living area and lot size are around or below the local averages. Those prioritizing a premium city-wide location or extensive square footage might find it limiting.
5. What does the sale history indicate?
The home sold for $25,900 in February 2021, which is reasonably aligned with its current assessed value. This recent sale provides a clear, concrete benchmark for its market price, reducing speculation compared to a property that hasn’t changed hands in decades.