Section 1: Property Overview
This one-storey home at 408 Brooklyn Street in Winnipeg's King Edward neighbourhood presents a specific and straightforward opportunity. Its key characteristic is a clear value proposition centered on land. While the 700 sqft living space is modest and the 1918-built home requires updating, it sits on a notably large lot for the immediate area (3,591 sqft). The assessed value is relatively low, especially when viewed citywide.
The appeal lies in its potential as a blank canvas. It’s a classic entry-point property, suited for a first-time buyer comfortable with a renovation project, or an investor looking for a lot with an existing structure. The neighbourhood rankings suggest it offers more space for your dollar here than in many other parts of the city. A less obvious perspective is its suitability for those seeking a minimalist footprint without sacrificing outdoor privacy—the lot size allows for garden space or expansion potential that newer, denser subdivisions often lack. It suits a pragmatic buyer whose priorities are location fundamentals and land over move-in-ready finishes.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No. The listing specifies the basement exists but is not renovated, indicating it is in a utility/raw state.
2. How does the home’s size compare to others?
At 700 sqft, the living area is below average for the street, the King Edward area, and Winnipeg overall. This is a compact, efficient layout.
3. What is the significance of the lot size?
The 3,591 sqft land area is above average for Brooklyn Street itself. This means the property likely has more yard space or side space than many of its direct neighbours, which can be a rarity in older core neighbourhoods.
4. Based on the data, is this a good value?
The assessed value is around average for the street but below average for the wider area and city. This typically indicates you are paying more for the land location than for the current structure. Value will depend on your plans for the property.
5. Where can I find the exact historical sale price?
The exact sold price is not publicly listed in this summary. According to the page, you can request the precise sale history by providing your email to the service, which states it will provide the information manually without using your email for unsolicited marketing.