Property Overview: 845 Manitoba Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic one-storey home on a standard city lot in the Burrows Central neighbourhood. Built in 1911, it presents a straightforward opportunity centred on its land and location rather than its existing structure. The house itself is modest in size at 813 sq ft, with an unrenovated basement and a detached garage. Its assessed value is notably low compared to city-wide averages.
The primary appeal lies in its potential. The lot size is above average for the immediate area, offering valuable outdoor space or future expansion possibilities in an established community. It suits a specific type of buyer: those looking for an affordable entry into homeownership who are comfortable with a project, whether that’s a gradual renovation, a potential rebuild, or a long-term hold for land value. It’s a practical canvas rather than a turn-key home, appealing to investors, first-time buyers willing to put in work, or those with specific redevelopment plans.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the current state and size of the 115-year-old home itself, not just the land. In neighbourhoods with older housing stock, values are often driven more by the property's potential and lot value than by the existing structure.
2. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate it being in original or rough condition, suitable for storage or mechanicals but not livable space without significant investment.
3. What does the lot size mean for me?
At 3,583 sq ft, the lot is larger than many in Burrows Central. This could provide more yard space, better parking options, or meet lot size requirements for future additions, depending on local zoning.
4. How does the sale history affect this property?
It last sold in late 2016 for $10,100. This historical price point, combined with the current low assessment, strongly indicates this has been viewed as a value-play or investment property for some time, not a premium renovated home.
5. What should I consider about the neighbourhood?
Burrows Central is a long-established area with a mix of older homes. The "average" rankings for lot and living area within the neighbourhood itself suggest this property is very typical for the area, not an outlier. Its value proposition is directly tied to its location here.