927 Manitoba Avenue

Property Overview

This is a compact, century-old home on a standard city lot in Winnipeg's Burrows Central neighbourhood. Built in 1910, its key characteristic is its modest scale, with 881 sqft of living space and an unrenovated basement. The property does not have a garage or pool. Its assessed value is notably low, placing it well below the citywide average, which is reflected in its recent sale history. The home sits on a 2,990 sqft lot, which is smaller than most in the immediate area but provides a manageable footprint.

The primary appeal lies in its affordability and potential as a straightforward investment. It suits first-time buyers or investors seeking an entry point into the market with minimal initial outlay. It could also appeal to someone looking for a small, low-maintenance footprint. A less obvious perspective is that its smaller lot and older construction may translate to lower property taxes and simpler upkeep, appealing to those who prioritize utility over features. However, it requires a buyer comfortable with a home that is historically older and more basic than most in the city.

Frequently Asked Questions

1. What does "below average" for land area and year built mean in context?
While the lot is smaller than many on the same street, it is a standard city lot size. The 1910 build date means the structure is older than the vast majority of homes in Winnipeg, so inspections for foundational and systemic updates are essential.

2. Who is this property most suitable for?
It is best suited for budget-conscious buyers, such as first-time homeowners or investors, who are prepared for a home that needs updates and offers basic, compact living space.

3. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the home's age, modest size, lack of renovations, and its location within a neighbourhood where property values are generally lower than the Winnipeg average.

4. What are the immediate considerations for a new owner?
The unrenovated basement should be a primary focus for assessing condition and potential. The lack of a garage means considering parking and storage. Planning for updates to mechanical systems, insulation, or windows common in homes of this age is also prudent.

5. How does this property compare to others nearby?
It is typical for the Burrows Central area in terms of assessed value and living area. However, it sits on a smaller parcel of land than many neighbours and is among the older homes on the block, which is a key differentiator.