276 Brooklyn Street

Property Overview

276 Brooklyn Street is a compact, one-storey home built in 1908, situated on a standard city lot in Winnipeg's King Edward neighbourhood. Its key appeal lies in its position as an accessible entry point into homeownership. With a living area of 639 sqft, it is notably smaller than most homes in the city, but its assessed value is proportionally modest and aligns more closely with averages on its own street. The home features a renovated basement, adding functional space. It does not have a garage or pool.

This property would best suit a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist, low-maintenance footprint. Its value is practical rather than luxurious, offering the fundamentals of a detached home without the scale or price tag of a modern build. A thoughtful perspective is that its older character and smaller size represent a lower-energy lifestyle and reduced consumption, which may appeal to environmentally conscious buyers. Additionally, its "below average" size in every metric underscores a unique opportunity: in a market of ever-larger homes, this property offers a chance to own a detached house with correspondingly lower property taxes and upkeep costs.

Frequently Asked Questions

1. Is the house in livable condition?
The listing confirms the basement has been renovated, which is a positive sign of upkeep. However, given the home's age (built in 1908), a thorough inspection is highly recommended to assess the condition of major systems like wiring, plumbing, and the foundation.

2. Why is the assessed value so much lower than the city-wide average?
The assessed value of approximately $25,800 is relative to the home's smaller size, age, and location. It is actually around average for its immediate street and neighbourhood, reflecting the local market conditions rather than the broader city, where average home values are driven by larger, newer properties.

3. What are the potential uses for the renovated basement?
The renovated basement could serve as valuable additional living space, such as a family room, home office, or supplemental bedroom. It effectively increases the usable square footage beyond the main floor's 639 sqft.

4. How does the lack of a garage affect daily living?
The property has no garage, so parking would be on-street. This is common for older neighbourhoods and is a trade-off for the lower price point. Buyers should consider their vehicle storage needs and familiarize themselves with local parking regulations.

5. Where can I find exact historical sale prices?
The provided sold price history shows estimated ranges. To obtain the exact sale prices, you must request them directly via the email tool provided on the listing page. The service promises a manual reply by the end of the same day, with no marketing spam.