Property Overview: 1533 Manitoba Avenue
Key Characteristics & Appeal
This is a classic, no-frills Winnipeg bungalow built in 1948, offering straightforward living on a standard city lot. Its key appeal lies in its practicality and relative value within its immediate area. The 1,000 sqft living space is modest but notably above average for the Burrows-Keewatin neighbourhood, suggesting a more efficient or spacious layout than many nearby homes. It sits on a 4,475 sqft lot, which is typical for Manitoba Avenue but offers room for outdoor use or future expansion. With a detached garage and no basement, the home presents a simple footprint that can mean lower maintenance and utility costs.
The property would best suit a first-time homebuyer, an investor, or a downsizer seeking an affordable entry into the market with a manageable scope. Its assessed value is significantly below city averages, which can translate to lower property taxes, a key financial consideration. A thoughtful perspective for a buyer is to see the above-average living space for the area as a hidden advantage—you’re getting more interior room than the neighbourhood norm without a premium price, while the lack of a basement simplifies concerns over moisture or renovation costs common in older Winnipeg homes.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home last sold for $200,000 in late 2022, a price that was around average for Manitoba Avenue but below average for both the wider neighbourhood and the city. Its assessed value is also well below city averages, indicating a more affordable tax base.
2. What does "no basement" mean for storage and utilities?
The home has a slab foundation. This means all living space is on the main floor, with no below-ground storage or basement area. Furnace and water heater will be located in a utility room on the main floor, and storage solutions may need to be creative or utilize the detached garage.
3. Is the lot size a pro or a con?
It depends on your priorities. The lot is a standard city size—not exceptionally large, but not small for the avenue. It provides adequate outdoor space for a garden, patio, or children’s play area without the high maintenance of a much larger yard.
4. The home was built in 1948. What should I be mindful of?
While the structure has stood for decades, key systems like roofing, plumbing, electrical, and windows may be at or beyond their typical lifespan. A thorough inspection is essential to understand the condition and any needed updates, which is typical for homes of this vintage.
5. How does this home rank compared to others on the street?
The data shows it ranks as generally "around average" for Manitoba Avenue in terms of land size, year built, and living area. Its main standout is that the living area is larger than many homes in the broader Burrows-Keewatin neighbourhood, offering a relative sense of space.