Property Overview
This 1954 one-storey home on a 3,902 sqft lot in Brooklands presents a practical and value-oriented opportunity. Its key appeal lies in its balance of a renovated basement, a detached garage, and a lot size that is above average for the city. The home is modest in living space at 1,008 sqft, but its assessed value ranks well above average for its immediate street, suggesting a solid foundation relative to nearby properties. It last sold in July 2021 for $300,000.
This property would suit a first-time buyer seeking an entry point with some modernized updates, or an investor looking for a manageable rental property with a desirable lot size. Its above-average year-built ranking for the street indicates it may be somewhat newer than many immediate neighbours, a subtle advantage. The data suggests a home that holds its own within its local context while being priced below the wider Winnipeg average, offering a chance to get into the market without overextending.
Frequently Asked Questions
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finishes, whether it includes a legal suite or additional living space, and if permits were obtained for the work.
How does the assessed value relate to the likely sale price?
The assessed value is $25,500, which is a municipal figure for tax purposes and is typically far below market value. The more relevant figure is the 2021 sale price of $300,000, which serves as a recent benchmark in a changing market.
Is the lot size a advantage?
Yes, particularly city-wide. At 3,902 sqft, the lot is larger than over 75% of comparable Winnipeg properties, offering good outdoor space and potential. On its own street and in Brooklands, it is more typical in size.
What is the significance of the "above average" year built ranking?
Built in 1954, this home is newer than about 73% of homes on William Avenue W. This could imply slightly newer core systems (like wiring or plumbing) compared to many pre-war homes in the area, though a full inspection is still essential.
Who might this property not suit?
Buyers needing significant move-in-ready, modern main-floor living space may find the 1,008 sqft layout limiting. It's better suited for those comfortable with a cozy footprint or who plan to utilize the renovated basement to gain additional room.