Property Overview: 516 Brandon Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a compact, historically grounded property in the Lord Roberts neighbourhood. Its primary characteristic is its modest scale, with a living area of 675 sqft that places it well below average for the street, area, and city. Built in 1923, it sits on a roughly average-sized lot for the local area. The assessed value is notably low, reflecting its size and positioning in the market.
The appeal lies in its potential as an efficient, low-cost entry point into a mature neighbourhood. It suits a very specific buyer: a minimalist, a first-time buyer seeking absolute affordability over space, or an investor looking for a rental property with a lower entry cost. Its value is in what it represents—a chance to own a detached home where the investment is in the land and location rather than the existing structure. A thoughtful perspective is that this property may offer freedom; its lower carrying costs could provide financial flexibility for travel, savings, or other investments that a larger, more expensive home would not.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value is based heavily on the home's relatively small size and modest characteristics compared to the broader Winnipeg market, which includes many newer and larger homes.
2. What does the "sold price" range for 2021 indicate?
The public data shows it sold for an estimated $200k-$250k in 2021. This suggests its market price has historically aligned with its positioning as a more affordable, compact property.
3. Who would this home be a good fit for?
It would best suit a buyer with minimal space needs, such as a single person, a couple, or an investor. It's less suited for those requiring multiple bedrooms or significant living space.
4. Are there any advantages to the lot size?
At 2,499 sqft, the lot is fairly typical for Lord Roberts. It provides standard outdoor space for a home of this vintage but is not exceptionally large, offering manageable maintenance.
5. How can I find out the exact past sale price?
The exact sale price is not public record. You can request it directly via the "Get exact sold price history" feature on the listing page, and the service provider will email it to you.