1602 Manitoba Avenue

Property Overview: 1602 Manitoba Avenue, Winnipeg

Key Characteristics & Appeal

This is a modest, one-storey home on a generously sized lot in the Burrows-Keewatin neighbourhood. Built in 1948, its primary appeal lies in the land itself—at 4,785 sqft, the lot is notably larger than many on Manitoba Avenue and in the immediate area, offering potential for expansion, gardening, or outdoor space that is harder to find in newer developments. The home features a detached garage and has a very small living footprint of approximately 600 sqft, indicating a simple, no-frills layout.

Its appeal is grounded in practicality and potential. The low assessed value and historically low sale price point to an entry-level opportunity, likely suited for a first-time buyer, an investor, or someone seeking a land-value play. It would suit a handy buyer comfortable with updates, someone looking to minimize their mortgage, or an investor considering the lot's future development potential (subject to zoning). A less obvious perspective is that such a small house on a large lot in an established area offers a rare chance for a phased building project—living in the existing structure while planning for a significant renovation or new build over time, without the immediate pressure of a high purchase price.

Frequently Asked Questions

1. Why is the living area so small compared to the lot size?
Homes of this era, particularly modest one-storey designs, were often built with smaller interior footprints, leaving more room for yards and gardens. This discrepancy between house and lot size is common in older neighbourhoods and represents the property's key redevelopment potential.

2. What does the "below average" assessed value indicate?
The assessed value is primarily for municipal tax purposes and reflects the property's current state, size, and recent sales. A value significantly below area averages typically corresponds to the home's very small size and likely need for modernization, not necessarily the land value.

3. Is this a teardown property?
Not necessarily. While the small, aged structure suggests redevelopment is a strong possibility, the decision to renovate or rebuild depends on the buyer's goals, budget, and a professional inspection of the existing home's condition. The lot size certainly accommodates either a significant expansion or a new build.

4. Who would this property not be suitable for?
It would likely not suit buyers seeking a move-in-ready home, those needing multiple bedrooms or ample living space immediately, or anyone unwilling to undertake renovation or construction projects.

5. How should I interpret the ranking data (e.g., "Top 23% for land area")?
These rankings compare this specific property against groups of "comparable" homes in different geographic circles. For example, being in the "Top 23%" for land area on its street means its lot is larger than about 77% of its direct neighbours, highlighting its standout feature. Conversely, rankings in the 90th percentile for living area mean the house itself is among the smallest in comparison.