Property Overview: 1846 William Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This 3-level split home, built in 1944, sits on a notably spacious lot in the Brooklands neighborhood. Its primary appeal lies in a combination of generous outdoor space and a recently renovated basement, offering a solid foundation for both living and future projects. The 5,310 sqft lot is significantly larger than most in the immediate area and neighborhood, ranking in the top 11% on its street. While the 1,270 sqft living area is comfortably above average for Brooklands, the home presents as a "blank canvas" property—its value is anchored in the land and the renovated basement, with the main living spaces offering potential for personalization.
This property would best suit a practical buyer who values space over turn-key finishes. It's ideal for a first-time homeowner comfortable with gradual updates, an investor looking for a property with strong land value, or a household wanting a large yard for children or gardening without leaving the city. The low assessed value and recent sale price indicate an accessible entry point into the market, with the trade-off being an older home that may require modernization.
Section 2: Frequently Asked Questions
1. What does "renovated basement" specifically include?
The listing confirms the basement has been renovated, but the scope and quality of finishes are not detailed. A viewing or follow-up with the listing agent is essential to understand if it's a cosmetic update or includes major systems, and to check for proper permits and moisture control.
2. How does the low assessed value affect property taxes?
The assessed value is significantly below the city-wide average, which typically results in lower annual property taxes compared to newer or more extensively renovated homes. This can improve monthly affordability.
3. The lot is large, but how is it configured?
A lot of this size (5,310 sqft) in a mature neighborhood is a standout feature. Buyers should inquire about its shape, topography, and any easements to understand its full potential for gardening, expansion, or adding a detached structure like a garage or workshop.
4. Given the age of the home, what should I prioritize during an inspection?
Built in 1944, the inspection should focus on the aging core components: the foundation, roof, plumbing, electrical wiring, and heating system. The updated basement is a plus, but the condition of the original structure and main-floor systems will be crucial.
5. How does the recent sale history influence the current price?
The home sold for $23,500 in July 2020. This recent transaction provides a clear, concrete benchmark for value, suggesting the seller's pricing is likely grounded in a very recent market evaluation rather than historical estimates.