Property Overview: 270 Brooklyn Street, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a compact, one-storey home built in 1918, situated on a standard-sized lot in the King Edward neighbourhood. Its key characteristics are its modest 656 sqft living area, an unrenovated basement, and a detached garage. The home’s assessed value is notably low compared to city-wide averages.
The primary appeal lies in its position as an accessible entry point into the Winnipeg market. It represents a low-barrier ownership opportunity, particularly suited for a first-time buyer, an investor looking for a straightforward rental property, or someone seeking a minimal footprint. The detached garage adds practical value for storage or a workshop. A thoughtful perspective is that a home of this vintage and size offers a chance to customize and expand gradually according to need, without the premium of a recently updated property. It would suit a hands-on buyer comfortable with a home that may require updates over time, or an investor focused on fundamental value over modern finishes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects factors like the home's smaller size, age, and the specific market values within the King Edward neighbourhood. It indicates this is a more affordable property segment compared to the Winnipeg average.
2. What does the ranking data for living area mean?
The data shows this home's living space is smaller than most. It ranks in the bottom 6% compared to similar homes on its street, and the bottom 2% city-wide, confirming its compact nature.
3. Is the basement finished?
No, the listing specifies the basement is not renovated, offering potential for future development or utilitarian storage space.
4. How recent is the sold price history?
Public data shows a sale occurred in August 2021. For the exact sale price, you can request the information directly via the provided email service.
5. What is the land size, and is it typical for the area?
The lot is 2,397 sqft. This is around average for Brooklyn Street but below the average lot size for both the King Edward neighbourhood and the city overall.