Property Overview
This 1988 bi-level home at 1911 Elgin Avenue W in Brooklands presents a specific and practical opportunity. Its key appeal lies in being a more modern structure within its context, featuring a 950 sqft living area and a full, unrenovated basement on a 2,596 sqft lot. The home suits first-time buyers seeking an entry point with a blank canvas, investors looking for a rental property with a relatively recent build date to minimize major system overhauls, or downsizers content with a manageable footprint. Its assessed value is notably higher than many immediate neighbors, suggesting it may be viewed as a stronger asset on the block. The perspective here is one of foundation over finish: the value is in the newer-than-average "bones" and the potential of the basement space, rather than in move-in-ready condition or expansive outdoor area.
Frequently Asked Questions
What does the "above average" assessed value on the street mean?
It indicates that, according to municipal assessment, this property holds a higher value than most on Elgin Avenue W. This could reflect its more recent year of build (1988) compared to the street average (1932), but it's important to get a current market appraisal.
Is the basement finished?
No, the basement is noted as "not renovated," meaning it is unfinished space. This presents both a cost and an opportunity for future expansion or customization to suit a buyer's needs.
How does the lot size impact this property?
At 2,596 sqft, the lot is smaller than most in Winnipeg, but is fairly typical for the Brooklands neighborhood. It offers a manageable yard with lower maintenance, which could be a positive for some buyers, but limits extensive outdoor projects or expansions.
The home sold in March 2021. What changed?
The provided data shows a sale price of $25.50k in 2021, with a current assessed value of $24.50k. This suggests relative stability in its official valuation over the last few years, but market conditions should be verified independently.
Who might this property not suit?
It may not suit buyers seeking a large, private yard, a move-in-ready home with a finished basement, or those who prioritize having a garage. Its appeal is geared toward those comfortable with a project or who value a modern build date above other amenities.