Property Overview
This 1955-built, one-storey home on a 3,999 sqft lot presents a straightforward opportunity in Winnipeg's Burrows-Keewatin neighbourhood. Its key appeal lies in its position as a modest, no-frills property with a recent sales history, suggesting a stable entry point into the market.
The home offers just over 1,000 sqft of living space. The data reveals some nuanced context: while the lot size is above average for the immediate street, the home itself is newer and larger than many in the local area. Its assessed and recent sale values are consistently below Winnipeg-wide averages, but have shown appreciation in recent years. With no basement, pool, or garage, the property is a simple structure, implying lower maintenance costs and complexity.
This home would best suit a pragmatic, value-conscious buyer. It could be an entry point for a first-time homeowner comfortable with a basic layout, or an investor looking for an affordable rental property with a clear history. It's less suited for those seeking modern finishes, ample storage, or space for expansion without building an addition.
Frequently Asked Questions
What does the ranking data actually mean for daily life?
The statistics show the home is a relatively larger and newer property within its immediate neighbourhood. This suggests you may get more house and lot for your dollar here compared to neighbouring streets, even if values are lower than the city-wide average.
Are the low assessed value and sale price red flags?
Not necessarily. They are consistent with the area and the home's basic features (no basement, no garage). The increase from $21.5k in 2021 to $23.7k in 2022 indicates market movement. It primarily reflects the home's location and type, not an inherent problem.
What are the implications of having no basement?
This limits storage and potential for adding finished living space below grade. It also means all mechanical systems (furnace, water heater) are on the main floor, which can be a consideration for layout and noise. On the positive side, it eliminates risks and costs associated with basement moisture or flooding.
How should I interpret the "below average city-wide" metrics?
This is the most important context. This property exists in a different market segment than the typical Winnipeg home. Comparisons to city-wide averages are less useful than comparisons to its immediate area, where it often ranks above average. It represents an affordable segment of the market.
What is the likely maintenance scenario for a 1955 home?
While newer than many on its street, a 70-year-old home will require diligent upkeep. Key systems like roofing, plumbing, and wiring may be at or beyond their typical lifespans. The absence of complex features (like a pool) simplifies maintenance, but a thorough inspection is essential to understand the condition of the original structure and any updates.