Property Overview: 1840 William Avenue W, Winnipeg
Key Characteristics & Appeal
This 2016-built bi-level home in Brooklands presents a practical and low-maintenance living opportunity. Its primary appeal lies in its modern construction, being newer than approximately 95% of homes on its street and 94% across Winnipeg. This translates to likely benefits from contemporary building standards, energy efficiency, and reduced immediate repair needs compared to much of the local inventory.
With 903 sqft of living space and an unrenovated basement, the home is compact and straightforward, suited for a first-time buyer, an investor, or someone seeking an efficient, no-frills residence. The lot size of 2,654 sqft is manageable and typical for the area. A key, less obvious perspective is its financial positioning: while the assessed and recent sale values are modest citywide, they are notably above average for both William Avenue W and the broader Brooklands neighbourhood. This suggests the property is a relative standout in its immediate context, potentially offering stability and a modern alternative in a market segment dominated by older homes. It suits a value-conscious buyer who prioritizes newer infrastructure over square footage or finished amenities.
Frequently Asked Questions
1. What does "bi-level" mean for this property?
A bi-level home typically has a main living entry set between two split levels. You walk in to a landing, with stairs leading up to the main living areas (kitchen, living room, bedrooms) and stairs leading down to a lower level, which here includes an unrenovated basement space.
2. How does the age of this home compare to others nearby?
It is significantly newer. Built in 2016, it is newer than about 86% of homes in Brooklands and 94% of homes on William Avenue W itself, where the average comparable home was built in 1939.
3. Is the assessed value a good indicator of the sale price?
The recent sale price (Feb 2024) of $28,500k was very close to its $28,300k assessed value, indicating the assessment was recent and accurate for that transaction. Historically, the property has appreciated from its 2016 sale price of $23,300k.
4. What are the implications of having an unrenovated basement?
It offers a blank canvas for future expansion or storage but requires investment to finish. Buyers should budget for renovations and ensure they understand any necessary permits or moisture control considerations before planning a project.
5. How does the lot size compare?
The 2,654 sqft lot is smaller than the average for both Winnipeg and the immediate street, but it is very typical for the Brooklands neighbourhood. This means outdoor maintenance is minimal, but space for expansions or large landscaping projects may be limited.