Property Overview & Key Characteristics
This 2020-built bi-level home at 1865 Elgin Avenue W in Brooklands offers a rare combination of modern construction and a modest footprint. Its primary appeal lies in its newness within a neighbourhood of much older homes, ranking in the top 3-5% for year built on its street and in the broader area. This translates to likely lower maintenance and updated building systems for the first owner. The home features a renovated basement and a living area that is above average for Brooklands, providing comfortable space. The lot size is typical for the local street.
The property would suit a first-time buyer or an investor looking for a modern, turnkey property without the premium price of a brand-new subdivision. Its highly efficient assessed value relative to neighbouring homes also makes it a practical choice for those seeking long-term value and stability in a well-established community.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is primarily a reflection of the home's modest size and the generally lower property values in the Brooklands area compared to the Winnipeg city-wide average. It ranks as "Elite" on its own street, indicating it is valued higher than most immediate neighbours.
2. What does having a "renovated basement" in a 2020 home mean?
As the home is only a few years old, this likely indicates the lower level was finished as part of the original build or very shortly after, not a subsequent renovation of an old space. It means the basement is a completed, livable area from the start.
3. The home sold for $25.6k in 2020. Is the current price significantly higher?
The 2020 sale price was almost certainly for the vacant lot prior to construction. The current listing price reflects the completed home built that year, so a direct comparison is not applicable.
4. Is the lack of a garage a major drawback?
This is common for many homes in the area. Buyers should consider on-street parking availability and the practicality for their needs, though the new construction may offer more potential for adding a garage or carport in the future compared to older, more crowded lots.
5. How does the living space compare practically?
At 1,048 sq ft, it is above average for Brooklands but around average city-wide. This suggests a efficient, modern layout that maximizes space. It's well-suited for a small household but may feel compact for those needing multiple large dedicated rooms.