214 Brooklyn Street

Property Overview

214 Brooklyn Street is a two-storey home built in 1910, offering 869 square feet of living space on a 2,396 square foot lot in Winnipeg's King Edward neighbourhood. It features a basement that has not been renovated and does not include a garage or pool. The home's assessed value is $190,000.

Key Characteristics & Appeal

This property presents a straightforward, entry-level opportunity in a central neighbourhood. Its primary appeal lies in its relative affordability and location, with an assessed value significantly below the city-wide average. The living space is modest but functional for a small household, and the lot size is fairly typical for the immediate street.

The home would best suit a first-time buyer, an investor, or a hands-on individual comfortable with a property that has not been recently updated. Its older character and lower price point mean it's a candidate for gradual improvement or a practical holding in a established area. A less obvious perspective is that its below-average metrics for the city (in size, value, and year built) are precisely what create its accessibility, positioning it as a pragmatic choice rather than a premium one. It’s a home for those prioritizing location and budget over modern finishes or ample space.

Frequently Asked Questions

1. What is the exact recent sold price?
The provided data shows a sold price range for July 2022. For the precise figure, you can request it via email from the listing source, as this information is verified manually from public records.

2. How does this home compare to others in the area?
Within the King Edward neighbourhood, this home's living area is around average, but its assessed value and lot size are below average. This suggests it may offer better value per dollar than many area listings, though likely in an as-is condition.

3. What should I know about the age of the home?
Built in 1910, the home is significantly older than most in Winnipeg. Prospective buyers should budget for potential updates to major systems like wiring, plumbing, or the roof, and consider a thorough inspection to understand the condition of the original structure and basement.

4. Is there potential to increase the value?
Yes, given its below-average assessment and unrenovated state, there is clear potential to add value through strategic updates. The existing basement also presents an opportunity for future development, subject to local regulations and necessary renovations.

5. What are the immediate next steps if interested?
Review the detailed sold price history by requesting the exact data via email. Then, arrange a viewing to assess the condition firsthand, particularly the basement and any original features. Finally, consult with a qualified home inspector to evaluate the implications of the home's age and current state.