Property Overview: 312 Brooklyn Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on Brooklyn Street in the King Edward neighbourhood presents a straightforward, entry-level opportunity. Built in 1918, its 792 sqft living area is modest but typical for the immediate street. The property includes a detached garage and an unrenovated basement, offering functional space and potential for future customization.
The primary appeal lies in its affordability and position as a lower-cost entry point into the Winnipeg market. The assessed value is notably below averages for the street, area, and city, suggesting a relatively low property tax burden. While the lot is smaller than many in the wider city, it is more in line with the local street's scale. This home would suit a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist footprint without a large mortgage. A less obvious perspective is that a home of this vintage and size, while requiring updates, often possesses a character and build quality that can be appealing to a hands-on owner. Its below-average price metrics may also provide a cushion against market fluctuations.
Section 2: Frequently Asked Questions
1. What does the "Top X%" ranking mean for each metric?
It shows how this property compares to similar homes. For example, a "Top 62%" rank for living area means its size is greater than 62% of comparable homes on its street, placing it slightly above the middle of the pack locally.
2. Why is the assessed value so much lower than the city-wide average?
Assessed value is used for calculating property taxes and is influenced by factors like home size, age, and location. This home's modest size, older age, and specific neighbourhood context result in an assessment significantly below the city's average for single-family homes.
3. Is the unrenovated basement finished?
The listing specifies the basement is "not renovated," which typically indicates it is unfinished or in a rough, original state, presenting both a blank canvas and a potential future project.
4. How recent are the sold price estimates shown?
Public data shows estimated sale ranges for July 2023 and July 2017. For the precise historical sale prices, you must request the information directly via the provided email service.
5. What are the implications of the lot size being "below average" for the area?
While the land area is smaller than many lots in the broader King Edward area, it is closer to the average for Brooklyn Street itself. This means outdoor space is limited compared to some neighbours but is consistent with the immediate streetscape, potentially simplifying maintenance.