Property Overview: 1812 Pacific Avenue W, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a compact, one-storey home in Winnipeg's Brooklands neighbourhood, built in 1910. With 741 square feet of living space on a 2,597 square foot lot, it is a modest property that ranks below average in size and assessed value compared to its immediate street, neighbourhood, and the wider city. There is no basement, pool, or garage.
The primary appeal lies in its affordability and land value. The home last sold for $90,000 in April 2020, and its assessed value remains low, positioning it as a highly accessible entry point into the Winnipeg market. The lot size, while below the city average, is notably larger than many on its own street, offering potential for outdoor space or future expansion relative to its closest peers. It suits first-time buyers, investors, or renovators looking for a straightforward project with minimal financial barrier to entry. Its age suggests classic construction but also implies a need for updates and diligent maintenance. For the right buyer, it represents a canvas rather than a finished product, with value tied more to the land and location than the existing structure.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's modest size, age, and the market values within the Brooklands area. It is in line with similar, smaller homes on the street and indicates a lower property tax burden.
2. What does "below average" for the lot size mean in practical terms?
While the lot is smaller than the Winnipeg average, it is actually around the middle of the pack for Pacific Avenue W itself. This means you likely have comparable or slightly more outdoor space than your immediate neighbours, but less than in newer suburban areas.
3. Are homes from 1910 a concern?
Homes of this age require careful attention to foundational integrity, wiring, plumbing, and insulation. A thorough inspection is essential. The upside is the potential for classic architectural details and solid craftsmanship not always found in newer builds.
4. Who might this property not be suitable for?
It would not suit buyers looking for a move-in-ready home with modern amenities, ample storage (no basement or garage), or space for a growing family. It's best for those comfortable with a project or seeking a minimalist footprint.
5. The last sale was $90k in 2020. Is that a useful guide for today's price?
It provides a historical benchmark, but market conditions have shifted since 2020. The current price will be influenced by recent sales of comparable homes, the property's condition, and current demand in the entry-level segment.