Property Overview: 1923 William Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-and-a-half storey home in Winnipeg's Brooklands neighbourhood, built in 1948. Its key characteristics include a 828 sqft living area, a full but unrenovated basement, and no garage. The lot is a notable feature at 3,907 sqft, which is above average for both the immediate street and the Brooklands area, offering good outdoor space relative to the home's footprint.
The primary appeal lies in its value as a land play or a foundational project. The lot size presents potential for expansion, gardening, or future redevelopment, while the home itself represents an affordable entry point into the Winnipeg market. It suits a specific type of buyer: handy investors or first-time buyers comfortable with a renovation project, or those specifically looking for a larger lot in the area without the premium of a turn-key home. A less obvious perspective is its potential as a multi-generational or shared living start point—the basement and lot size offer flexibility for future additions, though significant investment would be required.
Section 2: Frequently Asked Questions
1. What does "assessed value" mean in this context?
The assessed value ($15,100) is for municipal tax purposes and is typically much lower than market value. The recent sale history and current listing price are the primary indicators of its market worth.
2. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate it being in original or rough condition, suitable for storage or mechanicals, but requiring work to become finished living space.
3. How does the lot size compare practically?
At nearly 4,000 sqft, the lot is larger than many in central Winnipeg neighbourhoods. This is a key advantage, providing more private outdoor space and potential for additions, decks, or landscaping than typical homes in its price range.
4. What is the significance of the sale history?
The property sold for $12,500 in 2021 and $120,000 in 2016. This wide fluctuation suggests possible non-arms-length transactions, estate sales, or property condition significantly impacting price. A professional appraisal and inspection are highly recommended.
5. Who is this property not suited for?
It is not suited for buyers seeking a move-in ready home, those unable to manage renovation projects, or anyone requiring guaranteed equity from a turn-key property. Its value is in its potential, not its current condition.