1914 Pacific Avenue W

Property Overview: 1914 Pacific Avenue W, Winnipeg

Section 1: Key Characteristics & Appeal

This is a modest, one-storey home in Brooklands, built in 1920. Its primary characteristic is the land itself—a 2,596 sqft lot that is larger than many on its street. The house is compact, with 611 sqft of living space, placing it among the smaller homes in the city. It features a detached garage.

The appeal lies in its value as a land play or a straightforward entry point into the Winnipeg market. With a recent sale price and a low assessed value, it represents one of the most affordable options available. It suits a specific type of buyer: a first-time investor looking for a rental property with manageable overhead, a hands-on buyer planning a future rebuild or significant expansion on a decent-sized lot, or someone seeking the absolute minimum footprint and tax burden. It’s less suited for those needing move-in-ready space or modern amenities without a renovation plan.

A less obvious perspective is its location on a block with very similar, closely spaced homes, suggesting a stable, established streetscape. The data indicates you’re purchasing a lot size that is above average for the immediate area, which is a subtle advantage not always found in this price range.

Section 2: Frequently Asked Questions

1. Is this a teardown property?
While livable, the home's small size and age mean many buyers would consider its long-term value to be primarily in the land. It is an excellent candidate for a full rebuild or a substantial addition in the future.

2. Why is the assessed value so much lower than the recent sale price?
Municipal assessed value for tax purposes often lags behind market value, especially after a recent sale. The sale price of $120k is what a buyer was willing to pay in the current market, reflecting its value as a developable asset.

3. What is the neighbourhood like?
Brooklands is a mature, no-frills neighbourhood. The data shows homes here are typically older and on smaller lots compared to the citywide average, offering affordability and convenience rather than luxury.

4. How does the lot size compare?
The lot is a key feature. At 2,596 sqft, it is larger than over half the lots on Pacific Avenue W, providing more outdoor space and potential than many immediate neighbours.

5. What type of renovation or repair should be expected?
Given the home's age (106 years), buyers should budget for ongoing maintenance and potential updates to major systems like plumbing, electrical, and the roof. An inspection is essential to understand the condition.