932 Manitoba Avenue

Property Overview

This 1912-built, one-and-three-quarter storey home on Manitoba Avenue presents a specific and compelling value proposition. Its primary appeal lies in offering significantly more interior living space (1,536 sq ft) than is typical for the Burrows Central neighbourhood, where it ranks in the top 3%. This makes it a substantial house for the area. The lot size is standard for the street but smaller than the city-wide average. The home is historic, with an assessed value that is very modest compared to Winnipeg overall, suggesting a lower barrier to entry. It has an unrenovated basement and no garage.

This property would suit a practical buyer looking for maximum interior space on a budget, who is comfortable with a home requiring updates. It’s a candidate for a long-term hold, where the value is in the usable square footage and the potential to add value over time, rather than in premium finishes or a large yard. It may also appeal to an investor or homeowner who prioritizes cash flow or mortgage affordability over newer construction.

Key Details & FAQs

• What is the home’s main advantage? Its interior size. With 1,536 sq ft of living area, it offers roughly 60% more space than the average home in Burrows Central, providing rare roominess for the area.
• What should I budget for beyond the purchase price? Plan for updates and maintenance consistent with a 114-year-old home. The basement is noted as unrenovated, and the absence of a garage means factoring in alternative parking or storage solutions.
• How does the assessed value relate to the sale price? The current assessed value is $20.30k. It last sold in 2021 for $22.50k, which was above average for the street at that time. This indicates the market price is influenced by factors beyond the city's assessment for tax purposes.
• Is the lot size a pro or con? It depends on your priorities. The 3,547 sq ft lot is average for the immediate area, meaning outdoor space is modest but in line with the neighbourhood. It’s not a large private yard, but it also means less exterior maintenance.
• What does the sales history of nearby homes indicate? The property has sold twice in recent years (2017, 2021), and several nearby homes on the same block have also transacted, suggesting an active, liquid market for homes in this price range and condition on Manitoba Avenue.