482 Brandon Avenue

Property Overview: 482 Brandon Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 482 Brandon Avenue in Lord Roberts is a classic, early-1900s character property that presents a practical opportunity in the Winnipeg market. Its key appeal lies in its relative affordability and established neighbourhood setting, offering a footprint that is comfortably sized and in line with local averages.

With 1,116 sqft of living space and a 2,499 sqft lot, the property is neither the largest nor the smallest on its street or in the area, positioning it as a manageable and typical offering for the community. The assessed value of $240k is notably below the citywide average, which is a significant draw for budget-conscious buyers seeking entry into a mature neighbourhood. The home last sold in 2024, indicating recent market activity and a modern price point.

This property would suit a first-time homebuyer, an investor, or a downsizer looking for a home with character that doesn’t require a premium for extra square footage. Its value proposition is clear: you are purchasing location and lot in a settled area, with the understanding that a home from 1907 will likely require a thoughtful inspection and may need updates or maintenance reflective of its age. It’s a straightforward option for those who prioritize function and neighbourhood over modern size or finishes.

Section 2: Frequently Asked Questions

1. How does the assessed value compare?
The $240k assessment is around average for Lord Roberts and Brandon Avenue but is significantly below the average assessed value for the entire City of Winnipeg. This suggests the property is priced accessibly within its immediate context.

2. What should I consider about the year built (1907)?
As one of the older homes on the street and in the area, potential maintenance, the state of major systems (like wiring and plumbing), and energy efficiency are key considerations. An inspection is highly advised to understand the home's condition.

3. Is the lot size a constraint?
At 2,499 sqft, the lot is slightly smaller than the area average but is fairly typical for the street. It provides adequate outdoor space for a city home but may not accommodate large additions or extensive landscaping.

4. What does the recent 2024 sale indicate?
The sale between $250k-$300k in 2024 provides a very current market benchmark, showing the price buyers were recently willing to pay. It suggests the property is actively traded and not stagnant.

5. How does the living space feel for its size?
At 1,116 sqft, the living area is slightly above the local average for comparable homes. This indicates the home should offer functional space for a small household, but the layout of a 1907 build will be a major factor in how that space is utilized.