Property Summary: 1854 Pacific Avenue W, Winnipeg
Key Characteristics & Appeal
This bi-level home in Brooklands presents a compelling mix of modern convenience and practical value. Its standout feature is its age: built in 2020, it is among the newest 1-5% of homes on its street, in the neighbourhood, and citywide. This translates to minimal immediate repair concerns and modern building standards. The home offers a renovated basement and a living area (1,057 sqft) that is above average for Brooklands. The lot size (2,593 sqft) is typical for the street but smaller than the city average, suggesting a lower-maintenance yard.
The appeal lies in its turn-key, contemporary condition within a more established area. It suits first-time buyers seeking a modern home without a premium price tag, or practical-minded investors looking for a newer property with likely lower maintenance costs. The significantly higher assessed value compared to immediate neighbours indicates the market recognizes the premium for its new construction. A thoughtful perspective is that this property offers a "best of both worlds" scenario: the character of an older community with the efficiency and systems of a new build, potentially easing the transition for buyers accustomed to newer subdivisions.
Frequently Asked Questions
1. What does the high assessed value relative to the street mean?
The home is assessed much higher than older neighbours, primarily due to its 2020 construction. This reflects its modern materials, systems, and condition, not necessarily an oversized lot or luxury finishes.
2. Is the living space sufficient for a growing family?
At just over 1,000 sqft across two levels (including the renovated basement), the space is efficient. It would suit a small family, but those needing multiple large bedrooms or dedicated living areas may find it compact.
3. What are the implications of having no garage?
This means all parking will be on the driveway or street. Buyers should consider vehicle storage, winter plug-ins, and the convenience of loading/unloading without covered access.
4. How does the lot size compare for the area?
The lot is around average for Pacific Avenue West but below the broader city average. This is typical for the Brooklands neighbourhood and means less yard maintenance, but also less private outdoor space.
5. Why is there such a gap between the 2021 sale price and current assessed value?
The home was likely purchased new from the builder in early 2021. The current assessed value has since been established by the city, reflecting its market position as a nearly new home, which commands a value well above the older homes that dominate the area's sales data.