Property Overview: 951 Manitoba Avenue
Key Characteristics & Appeal
This home presents a practical opportunity in Winnipeg's Burrows Central neighborhood. Its key appeal lies in being a modestly-sized, character home that is financially accessible, with an assessed value significantly below both the street and city averages. At 970 sqft, the living space is very close to the neighborhood norm, offering a comfortable footprint for a smaller household.
The house, built in 1928, is typical for its immediate area but is older than most city-wide comparables. A notable point is the land area, which, while below average for the street and city, is still a usable lot just under 3,000 sqft. This property would suit first-time buyers or investors seeking an entry point into the market with a manageable commitment. Its value ranking in the top 96% city-wide (meaning it's less expensive than 96% of comparable homes) highlights its role as a budget-conscious option. The appeal is grounded in reality over grandeur: it's a home that matches the scale and vintage of its community, offering a chance to build equity without a premium price tag.
Frequently Asked Questions
1. Is the house smaller than most in Winnipeg?
Yes. With 970 sqft of living area, it is below the Winnipeg average for comparable homes. However, it is very close to the average size within the Burrows Central neighborhood itself.
2. Why is the assessed value so much lower than the city average?
The assessed value of $160k reflects a combination of factors including the home's size, age, and specific location. It is indicative of a more affordable market segment within the city, which is a key feature of this property.
3. What does the "Top 96%" city-wide ranking for value mean?
This statistic means this home's assessed value is lower than approximately 96% of similar properties across Winnipeg. It is a strong indicator of its position as a more affordable option in the broader market.
4. Is the lot size a disadvantage?
The lot is under 3,000 sqft, which is smaller than many. For some, this may limit expansive outdoor projects. For others, it means less yard maintenance and a more compact, manageable property.
5. How does the age of the home (1928) factor in?
Built in 1928, the home is older than the Winnipeg average. This often means character and established neighborhoods, but prospective buyers should be mindful of potential maintenance or updates associated with older construction during their inspection.