Property Overview: 876 Manitoba Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Burrows Central presents a practical opportunity with distinct advantages. Its key characteristic is a well-proportioned living space; at 1,316 sqft, the home offers significantly more room than most in its immediate area and neighbourhood, providing above-average interior space for the location. The property sits on a standard 3,547 sqft lot and includes a detached garage and a renovated basement, adding functional value.
The appeal lies in its balance of space, updates, and location-based value. While the 1923 build date means potential for character, it also necessitates a mindful approach to maintenance. The home’s assessed value is notably above average for Burrows Central, suggesting it is a stronger-than-typical property within the neighbourhood, yet it remains positioned well below the city-wide average price point. This creates a value proposition for a specific buyer: someone seeking maximum interior space and modernized fundamentals (like the basement) in a central, established neighbourhood, without the premium of a newer or more centrally assessed area. It would suit a pragmatic first-time buyer, an investor, or a downsizer looking for a manageable footprint without feeling cramped, who is comfortable with the upkeep of an older home.
A less obvious perspective is that its above-average stats for the area could indicate a property that has already seen key improvements, potentially offering move-in readiness compared to neighbouring homes, which is a significant advantage in an older neighbourhood.
Section 2: Frequently Asked Questions
1. What does "above average for the neighbourhood" really mean for this home?
The data shows this home ranks in the top 15% for assessed value and the top 9% for living area within Burrows Central. This means it is considered more valuable and significantly more spacious than most comparable properties in the immediate area.
2. Are there any concerns with a home built in 1923?
While the renovated basement is a positive update, a home of this age will require a buyer to be attentive to the condition of original components. A thorough inspection focusing on the foundation, roof, wiring, and plumbing is highly recommended to understand future maintenance priorities.
3. How does the lot size compare?
At 3,547 sqft, the lot is fairly typical for both Manitoba Avenue and the Burrows Central neighbourhood. It is not an exceptionally large lot, but it is consistent with the area's profile and provides standard outdoor space.
4. The last sale was in 2017 for $23,600. Is the current assessed value accurate?
The current assessed value is $24,400. It's important to understand that assessed value is for municipal tax purposes and can differ from market value. The 2017 sale price provides a historical data point, but the current market conditions and any renovations since then will determine the actual listing and sale price.
5. What is the context of the "below average city-wide" metrics?
When compared to all of Winnipeg, this home's assessed value and lot size are below the city average. This isn't unusual for a central, established neighbourhood and is a key factor in its accessibility. It reflects the broader price variation across Winnipeg's diverse districts rather than a deficiency in the property itself.