Property Overview
50 Brookshire Street is a compact, single-family home in Winnipeg's Meadows neighbourhood. Built in 1986, it sits on a 3,598 sqft lot and offers 691 sqft of living space. Its most defining feature is its assessed value of $30,100, which is notably low for the city but consistent with smaller homes in its immediate area.
Key Characteristics & Appeal
This home’s primary appeal lies in its affordability and efficiency. With an assessed value significantly below the citywide average, it presents a rare, low-barrier entry point into homeownership. The lot, while smaller than many in the area, is manageable and requires less maintenance. The 1986 build date is relatively newer compared to many Winnipeg homes, potentially suggesting fewer immediate concerns with aging infrastructure.
It would suit a specific type of buyer: first-time purchasers prioritizing financial accessibility over space, investors looking for a rental property with lower upfront costs, or downsizers seeking a modest, low-maintenance footprint. Its value is functional rather than luxurious, appealing to those who see a home as a practical asset rather than a status symbol. A less obvious perspective is that its below-average size and value within its own street could indicate a quieter, more settled part of the neighbourhood, away from larger, more recently renovated competition.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is based on factors like living area, lot size, and local market trends. This home’s compact size and smaller lot place it in a lower value category compared to the typical, larger Winnipeg home, though it is aligned with similar properties on its street and in Meadows.
2. How does the recent sold price (2021: $250k-$300k) compare to the current assessed value?
The sold price from 2021 reflects the market value at that time, which was substantially higher than the current government assessment. This large gap highlights that assessed value is used for tax purposes and often lags behind or differs from actual market sale prices.
3. Is a 691 sqft home practical for living?
It is a compact layout suitable for one or two people. It requires efficient use of space and would not comfortably accommodate a large family or significant amounts of belongings, but it is a functional size for minimalists or those with simple needs.
4. What does the "newer" 1986 build year mean for maintenance?
While newer than the city’s median home age, a 40-year-old home will still require attention to major systems like roofing, windows, and mechanicals, which are likely reaching the end of their typical lifespans. It may, however, have fewer legacy issues than much older homes.
5. How does this property rank compared to its immediate neighbours?
The data shows it ranks in the lower tier on its own street for living area, land area, and assessed value, but it is the newest build on the block. This suggests it is one of the smaller, more affordable options on Brookshire Street, but not necessarily the oldest.