Property Overview
This 1935 one-storey home on Alexander Avenue in Brooklands is a straightforward property whose primary appeal lies in its land and location. With a modest 920 sqft living area and an unrenovated basement, the house itself presents as a functional starter home or a blank canvas. Its key characteristic is the 2,362 sqft lot, which is notably larger than many in the immediate area, ranking in the top 26% on its street. This offers valuable outdoor space uncommon for the neighbourhood. The assessed and recent sale values are well below city averages, positioning it as an accessible entry point into the Winnipeg market.
The property suits practical, value-conscious buyers. It’s ideal for a first-time homeowner willing to live with the existing condition while planning gradual updates, or for an investor looking for a land-value play with a rentable structure. Its below-average costs for taxes and purchase price could free up budget for improvements. A less obvious perspective is its potential for someone seeking a "right-sized" home without excess space to maintain, where the larger lot provides room for gardening or outdoor living instead.
Frequently Asked Questions
Is the basement finished or usable for storage?
The listing specifies the basement exists but is "not renovated." It should be considered unfinished storage or utility space, likely requiring inspection for moisture or foundational concerns common in homes of this era.
How does the lot size compare to nearby properties?
The 2,362 sqft lot is a standout feature. It is larger than the average for Alexander Avenue and significantly larger than many lots in the broader Brooklands area, offering more private outdoor space than most comparable homes.
What does the "below average" assessed value mean for property taxes?
A below-average assessed value typically results in lower municipal property taxes compared to homes with higher valuations. This can be a tangible, ongoing financial benefit for the owner.
Is this a good candidate for a full renovation or expansion?
Given the older construction (1935), any major renovation would need to budget for updating essential systems (wiring, plumbing, insulation). However, the larger lot could provide room for a future addition, subject to local zoning bylaws.
What is the neighbourhood context of Brooklands?
Brooklands is a mature, established neighbourhood. The home’s metrics show it is older and more modestly valued than most of Winnipeg, indicating a community of affordable, no-frills housing. Buyers should explore the area firsthand to assess its fit for their lifestyle.