Property Overview
This is a compact, one-storey home built in 1948 on a notably spacious lot in Winnipeg's Burrows-Keewatin neighbourhood. Its primary appeal lies in the land itself—at 4,783 sq ft, the lot size is well above average for Manitoba Avenue and the immediate area, presenting a significant opportunity for expansion, gardening, or outdoor use. The living space is modest at 700 sq ft, and the home features a detached garage and no basement. With a recent sale price and assessed value both around $19,500, it represents a very accessible entry point into the market.
This property would best suit a practical buyer with a clear vision. It's ideal for a first-time investor looking for a land-value play, a hands-on owner planning a future rebuild or major expansion, or someone seeking minimal interior upkeep with ample private outdoor space. Its value is fundamentally in the potential of the lot rather than the existing structure.
Frequently Asked Questions
1. Is this a tear-down property?
While the home is livable, its below-average living area and age mean many buyers would consider it for eventual redevelopment. The high value of the large lot relative to the home's price supports this perspective.
2. What are the implications of having no basement?
It limits storage and mechanical systems space. Heating and utilities will be within the main floor area, and all living and storage needs must be met within the 700 sq ft footprint or the detached garage.
3. How does the lot size compare to nearby properties?
The lot is a key feature. It ranks in the top 23% for size on Manitoba Avenue, meaning it's significantly larger than most direct neighbours, offering more privacy and flexibility.
4. The assessed value seems very low. Why?
The assessment reflects the combined value of the land and the aging, small structure. In this case, the land likely constitutes a large portion of the value. The assessment is consistent with recent sale prices for similar properties in the area.
5. Who would this property not suit?
It's not a match for buyers seeking a move-in-ready home with modern finishes, ample indoor space, or basement amenities. It also may not appeal to those unwilling to manage the maintenance or future planning decisions of an older property on a large lot.