Property Overview
This one-and-a-half storey home on Manitoba Avenue, built in 1926, presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in its land and living space that are squarely average for the immediate area, offering a practical footprint without premium pricing. The 3,547 sqft lot is typical for the street and neighbourhood, while the 1,056 sqft living area is actually above the local average. With an unrenovated basement and no garage, the property is best seen as a solid foundation. Its very low assessed value, especially compared to the citywide average, highlights its position as an entry-point home or a land-value proposition.
This property would suit a pragmatic first-time buyer comfortable with a home requiring updates, or an investor looking for a rental property with a low entry cost. Its average metrics for the area suggest it's a representative, no-frills option in this specific market, rather than a standout bargain or a fixer-upper with hidden potential. A thoughtful perspective is that its "averageness" on the street provides stability and predictability, insulating it from being over-improved for the area.
Frequently Asked Questions
What does "unrenovated basement" typically mean for a home of this age?
It generally indicates the original foundation and layout, likely with low ceilings, basic finishes, and older mechanical systems. It represents both usable space and a clear opportunity for future modernization.
How significant is the lack of a garage?
On a lot of this size in Burrows Central, it is common. It does mean relying on street parking, but it also leaves the option open to add a garage or shed in the future, subject to local bylaws.
The assessed value seems very low. Does that indicate a problem?
Not necessarily. The assessed value is consistently below the citywide average but is typical for this specific neighbourhood. It primarily reflects the home's age, condition, and local market values rather than a specific defect.
Is the living space sufficient for a small family?
At just over 1,000 sqft across one-and-a-half storeys, the layout will be compact. It could work for a small family, but the lack of renovated basement space means all primary living needs must be met on the main and upper floors.
How does the 100-year-old age of the home factor in?
While the building is a century old, its age is average for Manitoba Avenue. Buyers should budget for and expect aging components like plumbing, wiring, and the roof, which may need attention or updating, even if functionally sound.