1856 William Avenue W

Property Overview & Key Characteristics

This is a compact, one-storey home built in 1925 on a standard city lot in Winnipeg's Brooklands neighbourhood. Its primary appeal lies in its position as a straightforward, lower-value property, likely suited for land value or as a foundational investment. The 851 sqft living area is modest but typical for the immediate area, and the home features a detached garage and an unrenovated basement.

The property would suit a specific type of buyer: investors or handy purchasers looking for an entry point into the market where the land itself represents a significant portion of the value. It's a practical choice for someone comfortable with a project or seeking a rental property, rather than a turn-key family home. A thoughtful perspective is that its older vintage and unrenovated state present a clear canvas for customization without the premium of prior upgrades, while its below-average citywide assessed value suggests a manageable tax burden.

Frequently Asked Questions

1. What does "below average citywide assessed value" mean?
This indicates the property's official city assessment is significantly lower than the Winnipeg average. This typically translates to lower property taxes, which is a key ongoing cost savings for an owner.

2. Is the unrenovated basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should assume it is in original or rough condition, suitable for storage or mechanicals, and would require investment to become finished living space.

3. How does the lot size compare to others?
At 3,187 sqft, the lot is around average for both William Avenue West and the broader Brooklands area. It provides a standard outdoor space for a home of this era but is below the much larger average lot size seen citywide.

4. The home last sold in 2016. What should I consider?
The previous sale price provides historical context, but market conditions have likely changed. It underscores the property's history as a longer-term holding and may prompt questions about what updates, if any, have been made in the last eight years.

5. Who are the typical neighbours or comparable properties?
The nearby properties on William Avenue W are very similar in style and vintage, suggesting a consistent streetscape. The listing also shows comparable assessed values with apartment units in other neighbourhoods, highlighting that this is a standalone house at a similar valuation to some condominiums.