Property Overview: 964 Manitoba Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Burrows Central presents a practical and value-oriented opportunity. Its key characteristics include a renovated basement, a detached garage, and a notably large lot of over 4,400 sqft—a standout feature for the neighbourhood. Built in 1968, it is newer than most homes in the immediate area, which often translates to fewer concerns over aging core systems.
The appeal lies in its solid fundamentals and relative value. The home’s assessed value ranks in the top 5% for Burrows Central, suggesting it is viewed as a premium property within this community. This, combined with the generous lot size, offers potential for future expansion or outdoor use that is rare for the price point. It would suit first-time buyers seeking a move-in-ready base with a low-maintenance footprint, or investors looking for a stable, income-producing property with a strong assessed value foundation. A thoughtful perspective is that this property represents a "middle ground"—it’s not the newest or largest home city-wide, but it outperforms most local comparables, offering a sense of relative quality and space within its specific market.
Section 2: Frequently Asked Questions
1. How does the lot size compare to nearby properties?
At 4,431 sqft, the lot is significantly larger than the neighbourhood average (top 16% in Burrows Central), offering more outdoor space than most surrounding homes.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would require clarification with the seller or a viewing to understand the quality and functionality of the space.
3. Why is the assessed value so much higher than the last sale price?
The home was last sold in 2020 for $27,300 and is now assessed at $30,100. The increase reflects municipal assessment updates and the home’s strong standing relative to neighbourhood properties (top 5% for assessed value in Burrows Central).
4. Are sale prices in this area typically below assessed value?
Based on the provided data, recent sale prices on Manitoba Avenue and in Burrows Central often trend below the city-wide average. This suggests market dynamics in this area differ from the broader Winnipeg market, which is an important consideration for valuation.
5. What are the immediate neighbouring properties like?
The adjacent properties on Manitoba Avenue are of similar vintage, with a mix of assessed values. This indicates a stable, established streetscape without extreme outliers, which can contribute to consistent property values.