Property Overview: 1887 Alexander Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 2018-built bi-level home in Brooklands presents a unique profile defined by its modern construction amidst an older neighbourhood. Its primary appeal lies in being a nearly new, low-maintenance property requiring no immediate renovations, offering a turnkey entry into homeownership. The home features a finished but unrenovated basement and a modest, efficient living space of 874 sqft.
The property stands out for its land value and newer build. While the lot size is below average for the area, the home's assessed value ranks well above average for Alexander Avenue, suggesting the modern build significantly elevates its worth relative to older neighbours. This combination suits specific buyers: first-time homeowners seeking a modern, manageable property without the worries of aging infrastructure; investors looking for a newer asset with potentially lower repair costs; or downsizers wanting single-level living (bi-level) in a no-fuss home. A thoughtful perspective is recognizing this as a "land play" in a transitioning area—the value is currently in the new structure itself, offering a modern living standard in a neighbourhood where that is rare.
Section 2: Frequently Asked Questions
1. What does "bi-level" mean for this property?
A bi-level home typically has a main living area entered halfway between two floors. You walk into a small foyer with stairs leading up to the main floor (likely containing living room, kitchen, bedrooms) and down to a lower level (likely containing family room, utilities, and possibly additional space).
2. The assessed value seems high for the area. Why?
The assessed value of $26,900 is notably higher than many neighbours because the home was built in 2018. Compared to the area's average home built in 1964, this property's modern construction, materials, and systems carry a premium, which is reflected in its valuation.
3. Is the lot size a drawback?
At 2,362 sqft, the lot is smaller than the Brooklands average. This means less yard space for gardening or expansive outdoor recreation. However, it also translates to less maintenance, which can be a benefit for those seeking a low-upkeep property.
4. What is the history of price changes?
The home sold for $7,200 in 2017 (likely as a vacant lot or prior to construction) and then for $24,400 in 2019 after being built. This history shows the value added by the construction of the home itself.
5. Who is responsible for exterior maintenance, given the lack of a garage?
The listing does not specify condo or co-op fees, so it is likely a freehold property. This means the homeowner is fully responsible for all exterior maintenance, including the roof, siding, driveway, and yard, despite the absence of a garage structure.