Property Overview
This 2015-built bi-level home at 1842 William Avenue W in Winnipeg's Brooklands neighbourhood presents a modern living option on a standard city lot. Its key appeal lies in its relative newness compared to most area homes, a renovated basement, and a recent sale price that significantly outperforms local averages. The home is compact, with just over 900 square feet of living space, making it efficient and manageable.
The property is well-suited for first-time buyers or downsizers seeking a modern, low-maintenance home without a large yard or garage. Investors may also be interested, given the strong recent sale performance in the area. A thoughtful perspective is that while the lot size is modest for the street, the newer construction likely offers better energy efficiency and fewer immediate repair concerns than the neighbourhood's older housing stock, representing a trade-off between land and building condition.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The recent sale price ranks in the top 4% for Brooklands, indicating it sold well above the local average. This suggests buyers placed a premium on its modern build year and condition compared to typical area homes.
2. What does "bi-level" mean for this home?
A bi-level typically features a ground-level entry with stairs leading immediately to both an upper living level and a lower level. This home's lower level includes a renovated basement, adding to its usable space.
3. How does the lot size compare?
The land area is approximately 2,650 sq ft, which is below average for both the immediate street and the city overall. This means smaller outdoor maintenance but less private yard space.
4. Why is the assessed value so much lower than the sale price?
Municipal assessed value for tax purposes is not a direct reflection of current market value. The large difference between the assessed value (~$30k) and the 2025 sale price ($360k) highlights strong market demand and the limits of using assessment data alone to gauge worth.
5. What is the significance of the 2015 build year?
Built in 2015, this home is significantly newer than most in Brooklands, where comparable homes average a 1964 build year. This typically translates to more modern building materials, layouts, and systems, potentially reducing near-term renovation costs.