Property Overview
This home at 1808 Alexander Avenue in Winnipeg's Brooklands neighbourhood presents a classic one-and-three-quarter storey character home built in 1910. Its key appeal lies in its generous lot size for the area and a living space that is notably above average for Brooklands. The property features a detached garage and a basement that is present but not renovated. With a very modest assessed value, it sits well below the citywide average, indicating a potentially accessible entry point into the market. The home’s profile suggests it’s a property where the land and location offer more immediate value than the current structure.
This type of property would suit a value-conscious buyer looking for a home with character in a central neighbourhood, who is prepared for the maintenance or updates a 116-year-old home may require. It’s also a potential fit for an investor or buyer with a longer-term vision, as the lot size provides a tangible asset and future potential that isn't reflected in the current assessment. The appeal is practical and foundational rather than based on modern finishes.
Frequently Asked Questions
1. What does the "Top 18%" ranking for Living Area in Brooklands mean?
It means this home's interior square footage is larger than 82% of comparable homes in the Brooklands neighbourhood, making it a relatively spacious option for the area.
2. Why is the assessed value so much lower than the citywide average?
The assessed value is based on the property's current state and local market values. Its significantly lower value compared to the Winnipeg average is typical for the Brooklands area and reflects older homes with unrenovated conditions, not an issue with the property itself.
3. What are the implications of the basement being "not renovated"?
This typically indicates the basement is in original or functional condition, likely with older finishes and systems. It should be inspected for moisture, insulation, and the state of mechanicals like the furnace. It represents both a space for storage or utilities as-is, and a future opportunity for finishing.
4. How should I interpret the different rankings for Land Area?
The land is around average for Alexander Avenue but below average for the wider city. This highlights that lot sizes in this established neighbourhood are generally smaller than in newer suburbs. For this area, however, the lot is a competitive size.
5. The home last sold in 2020. What can that tell me?
The previous sale price gives a recent market benchmark. Comparing it to the current asking price can indicate market trends. It’s also worth investigating what, if any, changes were made to the property during that ownership period.