Property Overview & Key Characteristics
This well-situated one-storey home in Brooklands presents a compelling blend of modern convenience and solid value. Built in 2003, it is a notably newer construction compared to most homes in the immediate area and across Winnipeg, suggesting fewer concerns about aging major systems. The home features a renovated basement and a detached garage on a standard-sized lot for the neighbourhood.
Its primary appeal lies in its move-in readiness and its strong performance as a financial asset within its local context. The recent sale price significantly exceeded both the assessed value and the average for similar homes on the same street and in Brooklands, indicating strong market demand and perceived value. While the living space is efficient, the property's above-average assessment for the area hints at desirable features or updates not fully captured in the square footage.
This property would ideally suit first-time buyers seeking a modern, low-maintenance home, or practical investors looking for a newer property with proven rental demand in a stable neighbourhood. It’s also a smart choice for those who prioritize a home’s mechanical and structural age over sheer size.
Frequently Asked Questions
1. Is the sale price consistent with the assessed value?
No, the home recently sold for $360,000, which is substantially higher than its $29,400 assessed value. This is common, as assessed values for tax purposes often lag behind current market values, especially for newer or recently renovated homes in rising areas.
2. How does the home’s size compare to others?
With 942 sqft of living space, it is slightly larger than the average Brooklands home but smaller than the Winnipeg average. This indicates an efficient layout that is typical and functional for the neighbourhood.
3. What does the "above average" year built ranking mean?
Built in 2003, this home is newer than approximately 90% of homes on its street and 84% of homes citywide. This is a significant advantage, typically meaning newer wiring, plumbing, insulation, and building materials, leading to lower immediate maintenance costs and better energy efficiency.
4. The land is noted as "below average" citywide. Is that a concern?
Not for this location. The lot is a standard size for Brooklands and the specific street. The citywide average is skewed by larger lots in suburban areas. For this neighbourhood, the lot size is typical and perfectly functional.
5. Why is the assessed value considered "above average" for the area but "below average" for the city?
This highlights the variation between neighbourhoods. A higher assessment within Brooklands suggests the property is viewed as one of the better-maintained or more desirable homes in that specific market. The lower citywide ranking reflects the overall more modest property values in Brooklands compared to some other Winnipeg neighbourhoods.