1925 William Avenue W

Property Summary: 1925 William Avenue W, Brooklands, Winnipeg

Section 1: Overview & Appeal

This property is defined by its significant potential and value-oriented entry point. Its key characteristic is a very low municipal assessed value, which translates to correspondingly low property taxes—a major, ongoing financial benefit. The lot size is standard for the Brooklands neighborhood, offering typical development space.

The primary appeal lies in its status as a blank canvas. It last sold in 2020, suggesting it may be suited for a full renovation, a rebuild, or as a long-term land hold. It would perfectly suit value-focused buyers looking for a footprint in the city without a high upfront land cost, such as builders, investors, or homeowners with a vision to create exactly what they want. A less obvious perspective is its appeal to those seeking predictability in housing costs; the low assessment provides a buffer against sharp tax increases relative to the area.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
Municipal assessments are based on factors like recent sales of comparable properties, the home's condition, size, and age. This assessment reflects the property's value as determined by the city's appraisal system for tax purposes, which often differs from market value.

2. What does the "Elite" ranking for Year Built mean?
The data indicates this home is among the newest 1% of homes on its specific street. This doesn't necessarily mean it's a new build, but that it is notably newer than most of its immediate neighbors, which may be an advantage for systems and structure.

3. Is this a move-in ready home?
The listing does not describe the interior condition. Given the context of the low assessment and its suitability as a renovation or rebuild project, prospective buyers should budget for and anticipate significant updates or reconstruction.

4. How does the lot size compare?
At 3,907 sq. ft., the lot is slightly above average for the Brooklands neighborhood and very typical for William Avenue West. It provides standard development space for the area.

5. What is the realistic purchase price likely to be?
The last recorded sale was $110,000 in 2020. Market value today will depend on current demand, the property's exact condition, and land values in Brooklands. It is advisable to consult a local real estate agent for a current comparative market analysis.