Property Overview
This 2017-built bi-level home at 1814 Ross Avenue W in Brooklands presents a distinct profile. Its key appeal lies in its modern construction, being significantly newer than most homes on its street and across Winnipeg. With 957 sqft of living space, a full (but unrenovated) basement, and a 2,600 sqft lot, it offers a practical, low-maintenance footprint. The home’s assessed value is notably above average for its immediate area, yet its recent sale price was well above average for the neighbourhood, suggesting strong perceived value for a modern property here.
It would suit a first-time buyer or an investor looking for a newer build without the premium of a brand-new subdivision. Its appeal is for those prioritizing modern systems and building standards over square footage or a renovated finish. The unrenovated basement presents a blank canvas for future expansion.
Key Details & FAQs
Key Characteristics & Appeal
The standout feature is the 2017 build date, placing it in the top 3% of homes on its street and top 5% citywide for newness. This means modern building codes, energy efficiency, and minimal immediate repair concerns. The lot size is average for Brooklands, offering manageable outdoor space. The home’s living area is compact but efficient, and the above-average assessed value for the street indicates it’s a higher-value asset in its local context. Its primary appeal is a turnkey, contemporary structure in an established neighbourhood at an accessible price point. It suits buyers seeking a modern home on a budget, willing to personalize the basement over time, and who value newer construction over a larger or more updated older home.
Frequently Asked Questions
1. What does "bi-level" mean for this property?
A bi-level typically has a ground-level entry leading to two short flights of stairs: one up to the main living areas and bedrooms, and one down to a lower level that is partially below ground. This home’s basement is full but unrenovated.
2. Why is the assessed value so much lower than the city-wide average?
Assessed values are heavily influenced by location and local market norms. While this home is new, it’s in Brooklands, where property values are generally lower than the Winnipeg average. Its assessment is actually high for this specific street, reflecting its modern build.
3. The home sold for well above the neighbourhood average in 2022. What does that indicate?
This suggests buyers are willing to pay a premium for a newer home in this area. It points to strong demand for modern properties here and may indicate good resale potential for well-maintained, recent builds.
4. What are the pros and cons of such a new home in an older neighbourhood?
Pros include reliable infrastructure, energy savings, and less upkeep. A less obvious con could be a stylistic mismatch with neighbouring homes, and the lot size may be smaller than those of older houses nearby. However, you also benefit from mature trees and established community amenities.
5. Is the lack of a garage a major drawback?
For many buyers in this price segment, it’s a common trade-off. The newer construction may offset this for those who prioritize the building itself. On-street parking is typical, and the compact lot size reflects the neighbourhood’s character. It’s a point to consider for those with multiple vehicles or storage needs.