Property Overview: 219 Brooklyn Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1912 on a standard city lot in the King Edward neighbourhood. Its key appeal lies in its position as an accessible entry point into the Winnipeg market. With 853 square feet of living space and a notably low assessed value, it presents a low-barrier financial proposition. The home ranks as average or slightly below average for its immediate street and neighbourhood in terms of size and value, but citywide, its footprint and price point place it well below the current norm, highlighting its affordability.
This property would suit a specific type of buyer: a first-time purchaser, an investor looking for a straightforward rental property, or someone seeking a minimalist footprint without a large mortgage. Its age suggests potential for character but also implies a need for attention to maintenance and updates. A thoughtful perspective is that this home offers the chance to build equity gradually in a central location without the premium price of a larger, modernized house, representing a practical rather than a prestige purchase.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value is based on the property's specific characteristics—its smaller size, age, and lack of features like a basement or garage—compared to the broader Winnipeg market, which includes many newer, larger homes. It reflects the home's standing as a more affordable option.
2. What should I consider given the home's age?
Built in 1912, the home likely has older building materials and systems. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and roof. Budgeting for maintenance and potential updates should be a key part of your planning.
3. How does the living space compare to the neighbourhood?
At 853 sqft, the living area is slightly smaller than the average for King Edward (~952 sqft) and significantly smaller than the Winnipeg city average. This indicates a cozy, efficient layout typical of its era, but may not suit those needing more room.
4. Is the land size a limitation?
The lot is approximately 2,300 sqft, which is standard for its street but smaller than many lots in the wider city. It provides adequate outdoor space for a small yard or garden but not for extensive additions or sprawling outdoor amenities.
5. What can recent sold prices tell me?
The listed sale range from early 2023 suggests the home transacts at a level consistent with its low assessment. This history indicates a stable, affordable market segment, but for the most precise price data to inform an offer, you should request the exact sold price history via the provided email service.