1622 Manitoba Avenue

Property Overview: 1622 Manitoba Avenue, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1948, sits on a notably spacious lot of nearly 4,800 square feet in the Burrows-Keewatin neighbourhood. Its primary appeal lies in its above-average living space for the immediate area and the significant land parcel it occupies, offering room for gardening, play, or future expansion. The detached garage adds practical utility.

The home’s metrics suggest a solid, no-frills property that represents a practical entry point into homeownership. It particularly suits first-time buyers or pragmatic investors seeking a land-value proposition with a liveable structure. Its assessed and recent sale values are significantly below the Winnipeg city average, indicating an accessible price point. A thoughtful perspective for a buyer might be the balance it strikes: while the home itself is older, the generous lot size in a long-established area provides a tangible asset that newer subdivisions often lack. It’s a property where the value is grounded more in the land and fundamentals than in modern finishes.

Frequently Asked Questions

1. Is the lot size a significant advantage?
Yes. At 4,783 sq ft, the lot is larger than most in the local area and on Manitoba Avenue itself, ranking in the top 23%. This provides more outdoor space and potential than many comparable properties.

2. How does the living space compare to nearby homes?
The 1,181 sq ft of living area is above average for both the street and the broader Burrows-Keewatin neighbourhood, ranking in the top 24% and 7% respectively. It offers more interior space than many direct peers.

3. What does the assessed value indicate?
The City’s assessed value of $20,400k is around average for the street and neighbourhood but falls in the bottom 10% citywide. This typically reflects the home’s age, condition, and the local market, rather than the lot size, and contributes to its lower price point.

4. Are there any immediate red flags from the data?
The data shows no basement, which is common for the era and style, but limits storage and potential for a developed rec room. Buyers should budget for maintenance consistent with a home of this age.

5. Who would this property not suit?
It may not suit buyers seeking a modern, turn-key home with finished basement space or those prioritizing proximity to newer amenities. The value here is in the land and the structure’s fundamentals, not contemporary upgrades.