Property Overview
This 2017-built, one-storey home at 1902 Pacific Avenue W in Brooklands offers a modern living space on a standard city lot. Its key appeal lies in its relative newness within a neighbourhood of mostly older homes, providing move-in-ready condition with a renovated basement. At 991 sqft of living space, it is a compact and efficient layout. The property suits first-time buyers seeking a modern, low-maintenance home without a premium for a new neighbourhood, or investors looking for a recent build with strong rental potential due to its contemporary features and desirable age.
A closer look at the data reveals thoughtful perspectives. While the home itself is newer than 94% of the city, its lot size is average for the street but smaller than most in Winnipeg, highlighting a trade-off: you acquire a modern building but without extensive outdoor space. The sale history shows significant value growth from its 2016 lot purchase, suggesting the area is in transition. Notably, its assessed value ranks "Elite" on its own street but is average city-wide, indicating it may be a higher-value standout on Pacific Avenue itself.
Frequently Asked Questions
1. Is this a true single-family home?
Yes, it is a detached, one-storey single-family home built in 2017. The data indicates it was likely a new construction on a pre-existing lot, replacing a much older property.
2. What does the "renovated basement" include?
The listing confirms a renovated basement, but specifics on finish quality, ceiling height, and legal compliance should be verified with the seller or a viewing. It adds valuable functional space to the 991 sqft main floor.
3. How does the property's age compare to the area?
It is exceptionally new for Brooklands, ranking newer than 90% of homes in the neighbourhood. On its specific street, it's in the top 3%, making it a clear outlier among predominantly mid-20th century homes.
4. Why is the assessed value so much lower than the last sale price?
Municipal assessed value for tax purposes is often lower than market value and lags behind rapid price changes. The 2022 sale at $380k is a current market indicator, while the assessment reflects an older valuation.
5. Is the lack of a garage a drawback?
This depends on buyer needs. The property has no garage, which is common for many older Winnipeg neighbourhoods. The trade-off is a modern home in an established area at a price point that typically excludes a garage. On-street parking availability should be investigated.