Property Overview: 1835 Logan Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Brooklands presents a compelling mix of modern convenience and practical value. Its key strength is being a well-above-average property within its immediate context. Built in 2013, it is significantly newer than most homes on its street and in the wider neighbourhood, suggesting updated building systems and less immediate need for major repairs. With 1,292 sqft of living space, it offers more room than the vast majority of comparable local homes, which typically average under 940 sqft.
The appeal lies in this standout positioning. You get a relatively new, spacious home on a standard city lot. The detached garage and renovated basement add functional space and flexibility. Its most recent sale price ranked in the top 3% for the street, indicating strong market recognition of these advantages.
This property would ideally suit pragmatic first-time buyers or small families seeking a move-in-ready home without a premium price tag. It also appeals to value-focused investors looking for a newer rental property with lower maintenance concerns in a stable neighbourhood. A less obvious perspective is its potential for someone wanting a modern layout and efficiency in an established area, offering a balance between new construction benefits and mature community roots.
Section 2: Frequently Asked Questions
1. Is the land size a disadvantage?
While the 2,511 sqft lot is below the area average, it is a standard city lot for this neighbourhood. It provides adequate outdoor space for gardening or relaxation without the upkeep demands of a larger yard, which can be a practical benefit.
2. Why is the assessed value notably lower than the city-wide average sale price?
The assessed value (for property tax purposes) is not a direct indicator of market value. It is often lower, especially for newer homes in older neighbourhoods where assessments are influenced by surrounding properties. The recent sale price is a more accurate reflection of its market value.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or layout. This is a key detail to clarify with the listing agent to understand if it’s a finished living space, a recreational room, or has a separate entrance.
4. How does the 2013 build year impact insurance or utilities?
Newer construction typically means modern electrical, plumbing, and insulation standards. This can lead to lower utility costs and potentially more favourable home insurance rates due to reduced risk, which is a significant long-term saving.
5. The home sold recently in 2023. What does that indicate?
The quick resale could be due to many neutral factors like a job relocation or change in circumstance. It does, however, provide a very clear, recent benchmark for its market value, which is advantageous for both pricing and financing comparisons.