Property Overview: 1806 Elgin Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Brooklands neighbourhood, built in 1910. Its key characteristic is its modest scale, featuring a 666 sqft living area on a 2,600 sqft lot, with no basement, pool, or garage. The appeal lies primarily in its position as an accessible entry point into the housing market. With a historically low assessed value and recent sale prices, it represents one of the most affordable homeownership opportunities in the city. This isn't a move-in-ready showcase; its value is rooted in the land and the potential it holds.
The property would suit specific buyer types: first-time buyers or investors seeking a low-cost foothold, or hands-on individuals looking for a manageable renovation project or a "blank slate." Its small size makes it potentially economical to update or maintain. A less obvious perspective is its appeal to those seeking to minimize their physical and financial footprint. The modest lot and living area could be seen as an advantage for someone wanting a simpler, lower-maintenance property without the burden of extensive yard work or unused space.
Section 2: Frequently Asked Questions
1. Is this a teardown or a livable home?
Based on the 1910 build date, very small living area, and low assessed value, the property is likely a candidate for significant renovation or redevelopment. A professional inspection is essential to determine if the existing structure is sound enough to live in while updating.
2. Why is the assessed value so much lower than previous sale prices?
The assessed value ($13.80k) is for taxation purposes and often lags behind market values. The sale prices ($11.30k in 2022 and $18.20k in 2023) reflect the actual market value at those times, indicating rising demand for very affordable properties.
3. What are the main considerations due to the age of the home?
A home from 1910 may have outdated wiring, plumbing, insulation, and potential for hazardous materials like lead or asbestos. Budgeting for major system updates and ensuring compliance with current building codes should be a primary focus.
4. How does the lack of a basement or garage impact utility?
Without a basement, all mechanical systems (furnace, water heater) must be on the main floor, consuming living space. There is no traditional storage or utility area. The lack of a garage means all parking is on-street, and outdoor storage solutions would be needed.
5. What does the lot size allow for?
At 2,600 sqft, the lot is smaller than average for the street and area. This limits possibilities for large additions or detached structures. Any expansion or new build would need to carefully adhere to zoning bylaws regarding setbacks and lot coverage.