Property Overview & Appeal
This one-storey home on Manitoba Avenue is a straightforward property that presents a specific value proposition. Its key characteristic is the land itself—a 3,584 sqft lot that is above average for the immediate Burrows Central neighbourhood. The house, built in 1911 with 841 sqft of living space and an unrenovated basement, is modest. The appeal lies squarely in its potential as a land-value opportunity or a foundational project. With a very low assessed value compared to the city-wide average, it suits buyers looking for an entry point into the market, investors considering future redevelopment, or those willing to undertake a full renovation who value lot size over existing structure. It’s not a move-in-ready home but a canvas for the right buyer.
Frequently Asked Questions
1. Is this a tear-down property?
While not explicitly stated, the combination of the home's age, modest size, and the lot being larger than many in the area suggests it could be a candidate for redevelopment or significant expansion, appealing to those valuing the land.
2. What does "below average" assessed value really mean for me?
It indicates the city's valuation for tax purposes is low relative to most of Winnipeg. This can mean lower property taxes, but it also reflects the current state and size of the home, not necessarily its market sale price.
3. The basement is noted as "not renovated." What condition should I expect?
You should anticipate a basement in original or utility-grade condition, likely suited for storage and mechanical systems only, and budget for significant updates if finished living space is desired.
4. How does the lot size compare to nearby homes?
The lot is a standout feature for the area. It's larger than the average lot in both Burrows Central and on Manitoba Avenue itself, offering more outdoor space or future building potential than many neighbouring properties.
5. Who would this property not suit?
It would not suit buyers seeking a modern, low-maintenance, or immediately turnkey home. The data suggests it requires a vision for its potential and tolerance for a project, whether that's renovation, rebuilding, or holding as an investment.