Property Overview & Key Characteristics
This bi-level home at 1831 William Avenue W in Winnipeg's Brooklands neighbourhood presents a practical and straightforward opportunity. Built in 2014, its key appeal lies in its modern construction relative to the area, as it is newer than approximately 93% of homes on its street and 92% of homes citywide. With 910 sqft of living space and a 2,602 sqft lot, it offers compact, low-maintenance living. The home features a basement (not renovated) and does not include a garage or pool.
Its primary suitability is for first-time buyers, downsizers, or investors seeking a relatively modern structure without premium finishes. The appeal is grounded in value and simplicity: you are acquiring a young building envelope with systems that shouldn't require major near-term replacement, set on a manageable lot. A thoughtful perspective is that while the living space is modest, the newer build could mean greater energy efficiency and fewer immediate repair concerns compared to the neighbourhood's older housing stock. The assessed value is notably above average for the immediate area, which may reflect its newer age, but the last sale price in 2017 was below the citywide average, suggesting a potentially accessible entry point into the market.
Frequently Asked Questions
1. What does "bi-level" mean for this property?
A bi-level home typically has a main living area entered from ground level, with a short flight of stairs leading up to bedrooms and another leading down to a lower-level living space and the basement. This layout offers separation of living and sleeping areas.
2. How does the lot size compare to others?
The 2,602 sqft lot is below average for both the city and the street, but is closer to the average for the Brooklands neighbourhood. This indicates a smaller, more manageable yard space, which could be a benefit for those seeking minimal outdoor upkeep.
3. The home is noted as newer than most in the area. What are the implications?
A 2014 build date means major components like the roof, furnace, windows, and electrical system are likely in good condition and built to more recent codes. This can translate to lower maintenance costs and better energy efficiency in the critical early years of ownership compared to the area's predominantly mid-20th century homes.
4. What is the significance of the assessed value being higher than the street average?
The above-average assessed value for the street primarily reflects the property's newer construction year relative to its immediate neighbours. It's important to distinguish this from market value; the last recorded sale price was $240,000 in 2017.
5. Who would this property not be well-suited for?
This home may not suit buyers looking for a large, renovated living space, extensive yard, or garage parking. The living area is compact, the basement is unfinished, and the lot is smaller than typical for Winnipeg. It's geared toward those prioritizing a modern building foundation over size or finished amenities.