Property Summary: 1919 William Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home built in 1958 on a standard-sized lot in the Brooklands neighbourhood. Its key characteristic is its simplicity: with 784 sq ft of living space, no basement, and no garage, it represents a straightforward, low-maintenance property. The appeal lies primarily in its land value and potential. The lot size is above average for the city and typical for the area, offering room for expansion, gardening, or future development. The home itself is priced and assessed significantly below the Winnipeg average, making it one of the most accessible entry points into homeownership in the city.
It would best suit a specific type of buyer: a first-time purchaser or an investor looking for a land-value opportunity with a existing rental property. It’s a practical choice for someone comfortable with a smaller footprint, possibly seeking to build equity through renovations or holding the land for future use. The data suggests it’s a home valued for what it could be, rather than for its current finished state.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the home’s modest size, age, and basic features relative to the broader Winnipeg market, which includes many larger, updated homes. It is in line with values for similar compact properties in the area.
2. What are the implications of having no basement?
This means all mechanical systems, storage, and living space are on the main floor. It reduces the risk of basement flooding and simplifies maintenance, but it also limits storage and potential for additional finished living space without an addition.
3. How does the lot size compare?
At 3,907 sq ft, the lot is larger than many in Winnipeg and is typical for Brooklands. This is a key asset, providing more outdoor space and potential for additions, a garage, or landscaping than a narrower urban lot.
4. Is this a "tear-down" property?
Not necessarily. While the value is land-heavy, the home is functional. A buyer could choose to live in it while planning future renovations, expand the existing structure, or, subject to zoning, redevelop the lot.
5. What does the sale history indicate?
The home sold in May 2021 for $16,600, which is close to its current assessed value. This recent sale provides a clear, concrete benchmark for its market price, suggesting stable, land-based valuation in a very affordable range.