Property Overview: 824 Manitoba Avenue
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1905, presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in its position as a modest, no-frills property with a functional footprint. The 982 sqft living area is typical for the immediate area, and it sits on a 3,547 sqft lot, which is also around the local average. A detached garage and a full, unrenovated basement are included.
The property’s most notable characteristic is its exceptionally low municipal assessed value, which is significantly below the Winnipeg city average. This suggests it may be suited for a specific type of buyer: an investor looking for a land-value play, a hands-on renovator seeking a low entry-point project, or someone requiring a very affordable housing solution where the condition of the existing structure is a secondary concern. Its appeal is grounded in practicality and potential rather than immediate move-in readiness. A thoughtful perspective is that its age and value position it as a candidate for significant modernization or even future redevelopment, subject to local zoning, making it more of a foundational asset than a finished home.
Section 2: Frequently Asked Questions
1. What does "below average" for Year Built really mean?
At 121 years old, this home is among the oldest 2-3% of properties citywide and in the neighbourhood. Buyers should anticipate the needs and potential challenges common to structures of this era.
2. The assessed value seems very low. What does this indicate?
The assessed value is a municipal tool for calculating property tax, not market value. A value this far below the city average typically reflects the home's age, condition, and lack of recent updates, signalling that its current market value is likely land-driven.
3. Who would this property suit best?
It is best suited for buyers with renovation experience looking for a low-cost project, or investors primarily interested in the land and location. It is less suitable for those seeking a turn-key or modern home without significant additional investment.
4. How does the lot size compare?
At 3,547 sqft, the lot is very close to the average size for Burrows Central. It provides a standard outdoor space for the area but is not an unusually large parcel.
5. The home last sold in February 2022. Is that relevant?
The previous sale price can provide context for market trends, but the current listing price and value are determined by present-day conditions. The relatively recent sale suggests the property may have been part of an investment or estate strategy.