Property Summary: 1894 William Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2018, is a notably modern property within its Brooklands neighbourhood and on its street. Its key appeal lies in this combination of newer construction and a practical layout. With 1,379 sqft of living space, it offers significantly more room than most local comparables, providing a sense of space that is above average for the area. The lot size of 2,661 sqft is more compact, which translates to lower maintenance.
The home’s standout characteristic is its age. Being built in 2018 places it in the top tier of properties locally, suggesting modern building standards, energy efficiency, and minimal immediate repair needs. This is contrasted by an unrenovated basement, presenting a clean slate for future customization.
This property would best suit pragmatic buyers looking for a move-in-ready, modern home without the premium often attached to brand-new builds. It’s ideal for those who prioritize interior space and modern systems over a large yard. First-time homeowners or small families seeking a low-maintenance property with modern comforts in a established neighbourhood will find it particularly aligned with their needs. The data suggests it offers a strong value proposition within its immediate context, providing newer amenities in a mature area.
Section 2: Frequently Asked Questions
Q: The assessed value seems low compared to the sale price. Why is that?
A: Municipal assessed value for tax purposes is often calculated using mass appraisal techniques and can lag behind current market values. The consistent sale history indicates the market price is established independently of this assessment.
Q: What does "unrenovated basement" imply?
A: It means the basement is in its original, functional state from 2018. It’s not a dated space needing demolition, but rather a blank canvas—likely with proper insulation, wiring, and plumbing in place—awaiting drywall, flooring, and finishing to suit a new owner's taste.
Q: The home sold recently in 2023. Is that a concern?
A: Not necessarily. The short ownership period could be due to many life circumstances unrelated to the property itself. The more telling detail is that it was purchased again near its previous sale price, indicating its market value is stable.
Q: How does the compact lot size affect the property?
A: While below the city average, the lot is fairly typical for the Brooklands area. The benefit is reduced yard work and lower property taxes, as land value is a key component of assessment. The trade-off is less private outdoor space.
Q: The home is "new" for the area. Are there any drawbacks to that?
A: A newer home can sometimes feel aesthetically different from its older neighbours. However, the advantage is predictable maintenance and efficiency. Potential buyers should still invest in a thorough inspection, as even newer builds can have issues, but major systemic problems common in older homes are less likely.