Property Summary: 298 Brooklyn Street, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home with an unrenovated basement and a detached garage, built in 1918. At 768 sqft, its living space is compact, ranking it around the average for its immediate street but below the average for both the King Edward neighbourhood and Winnipeg overall. The assessed value follows a similar pattern, positioned around the local average but well below the citywide benchmark, indicating a relatively affordable entry point into the market.
The primary appeal lies in its value proposition and location within a well-established community. It suits a first-time homebuyer, an investor looking for a rental property, or someone seeking a straightforward, lower-maintenance footprint. The lot, while smaller than many in the city, is a manageable size for its streetscape. A thoughtful perspective is that this property represents the character and scale of its specific block more than the broader neighbourhood averages, offering a chance to own a classic Winnipeg home without the premium often attached to larger or fully updated houses. Its long history (108 years) adds charm but also suggests potential maintenance considerations typical of its era.
Frequently Asked Questions
1. How does the home's size compare practically?
At 768 sqft, it is a compact bungalow. This is efficient for a single person, a couple, or a small household but requires thoughtful use of space, especially with the basement in an unrenovated state.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is often lower than market value. However, its position—around average for the street but significantly below the city average—suggests a pricing tier that reflects the home’s scale and condition relative to the wider market.
3. What does the "below average" land area mean for me?
The 2,398 sqft lot is smaller than most in Winnipeg. This translates to less yard maintenance, which can be a benefit, but also less private outdoor space. It is consistent with the lot sizes on this part of Brooklyn Street.
4. The home was last sold in 2017. What can that tell me?
The sold price range from 2017 provides a historical benchmark, but Winnipeg's market has changed since then. It primarily shows the property's price trajectory at that time and confirms it has changed hands relatively recently in its long history.
5. Who would this property not suit?
It may not suit buyers looking for a move-in-ready home with a modern, open-concept layout, those who need multiple bedrooms or dedicated workspaces, or anyone wanting extensive garden space. The unrenovated basement also means any finished living area would require investment.