Property Overview & Appeal
This two-storey home at 340 Brooklyn Street in Winnipeg's King Edward neighborhood presents a practical, above-average offering for its immediate area. Its key appeal lies in its efficient use of space and relative modernity. With 1,366 sqft of living area, it provides substantially more interior space than most comparable homes on its street and in the neighborhood, ranking in the top 8% and 7% respectively. Built in 1989, it is a newer construction compared to the historic housing stock that dominates the area, which may mean fewer concerns about aging infrastructure. The assessed value is also above average for the local context.
The property would suit a buyer looking for a move-in-ready home that offers more modern comforts within an established neighborhood, without the premium lot size. It's a strong fit for small families, professionals, or downsizers who prioritize interior space and a newer build over a large yard, as the land area is more compact compared to the city-wide average.
Frequently Asked Questions
1. How does the property's size compare to nearby homes?
The home's living area is a standout feature, being larger than over 90% of similar homes on Brooklyn Street and in the King Edward neighborhood. However, its lot size is more typical for the street but below the average for the wider city.
2. What does the assessed value indicate?
With an assessed value above the local averages, this suggests the property is viewed favorably relative to its immediate peers in terms of its characteristics and market position. It's important to note this is for municipal tax purposes and not a direct market appraisal.
3. Is a 1989 build considered old for this area?
No, it's quite new. The home is significantly newer than the neighborhood average, where many homes date back to the late 1940s. This can be an advantage for systems, layout, and energy efficiency.
4. Why is there a range for the last sold price?
The sold price is presented as a range based on publicly available data. To obtain the exact figure, you can request it via email from the site; they provide this detail manually without using your email for marketing.
5. What are the trade-offs of this property?
The primary balance is between a newer, spacious interior and a more modest lot size. Buyers gain a modern, roomy home but without the larger yard commonly found in other parts of the city. It’s a choice favoring the home itself over extensive outdoor space.