Property Overview & Key Characteristics
This bi-level home at 2004 Elgin Avenue W in Winnipeg's Brooklands neighbourhood presents a unique profile defined by its land and modern build. Its primary appeal lies in owning a relatively large, well-situated lot (3,903 sq ft) with a home built in 2010, making it significantly newer than most in the immediate area. The renovated basement adds functional living space to the 838 sq ft main floor.
The property suits practical, value-oriented buyers. It's ideal for a first-time homeowner seeking a modern structure without a premium price tag, or an investor looking for a solid, newer asset in a transitioning area. The above-average lot size offers future potential for expansion or landscaping, which is a thoughtful advantage not immediately apparent from the living area alone. However, the modest main living space means it best suits individuals, couples, or small families who prioritize the condition and age of the home over sheer square footage.
Frequently Asked Questions
1. Why is the assessed value high compared to recent sale prices?
The current assessed value of $300k is significantly higher than the 2022 sale price of $38.1k. This typically indicates the assessment reflects the land value and potential, rather than the previous sale price of the existing structure, which may have been in very different condition.
2. How does the living area compare to nearby homes?
At 838 sq ft, the main living area is smaller than the average home on Elgin Avenue W (~1,113 sq ft) but is close to the Brooklands neighbourhood average (~920 sq ft). The renovated basement provides additional, valuable space not reflected in the official "Living Area" metric.
3. What does the "Top %" ranking for Year Built mean?
A "Top 8%" ranking on its street means this 2010-built home is newer than 92% of comparable properties on Elgin Avenue W. This is a standout feature, as most homes in the local comparison groups were built in the early to mid-1900s.
4. Is the lack of a garage a major drawback?
While the property has no garage, the lot size is above average for the street and area. This provides ample room for off-street parking and the possibility of adding a garage or shed in the future, subject to local bylaws.
5. What is the neighbourhood context?
Brooklands is a mature Winnipeg neighbourhood. The property's above-average rankings for lot size and year built within this area suggest it is a newer, well-sized parcel that may offer a different proposition than older, smaller-lot homes nearby.