Property Overview: 1584 Manitoba Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, presents a practical opportunity centered on its land and location. The primary appeal lies in its above-average 4,787 sqft lot for the Manitoba Avenue streetscape, offering more outdoor space than many neighbouring properties. With 1,120 sqft of living area, the house itself is also notably roomier than most in the immediate Burrows-Keewatin neighbourhood. It features a detached garage.
The property suits value-conscious buyers, including first-time homeowners or investors looking for a land-advantaged entry point into the market. Its very low assessed and recent sale value indicates it is likely a fixer-upper or a modest home, making it a candidate for renovation, holding as a rental, or a long-term property where the owner can build equity. The appeal is less about immediate move-in luxury and more about foundational potential—a larger parcel in a mature neighbourhood where the value may be anchored more in the land than the current structure.
Section 2: Frequently Asked Questions
1. What does the "Top 9%" ranking for Living Area in the neighbourhood mean?
It means this home's interior square footage is larger than 91% of comparable homes in Burrows-Keewatin. For the area, it is a relatively spacious house.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on municipal evaluation for tax purposes, which considers the property's modest characteristics and the lower average values in its specific neighbourhood and street compared to the entire city of Winnipeg.
3. Is the land size a significant advantage?
Potentially, yes. The lot is in the top 22% for size on Manitoba Avenue. This could allow for more privacy, yard space, gardening, or future expansion (subject to zoning and permits) than is typical for the street.
4. What should I infer from the 2019 sale price being close to the assessed value?
It suggests the property was likely sold near its municipal valuation at that time, which is common for homes that aren't subject to a highly competitive bidding market. It provides a recent, stable benchmark for its base value.
5. Who would this property not suit?
It may not suit buyers seeking a modern, turn-key home without renovation projects, or those prioritizing newer neighbourhood amenities. The age of the home (78 years) implies that systems like plumbing, electrical, or the roof may require inspection and potential updating.