Property Overview
This two-storey home at 1979 Elgin Avenue W in Brooklands presents a unique profile defined by its newness and value. Built just two years ago, it stands out dramatically in a neighbourhood of mostly older homes. The property features a renovated basement and a living space of nearly 1,500 square feet, which is notably spacious for the area. Its appeal lies in being a modern, low-maintenance home in an established community, offering a move-in-ready opportunity without the wait or premium of a brand-new subdivision build. The very low assessed and recent sale prices point to significant value.
It would suit a first-time buyer seeking a modern home on a budget, an investor looking for a newer rental property with minimal immediate upkeep, or a practical buyer who prioritizes a contemporary interior over a large lot, as the land size is modest for the city.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical Winnipeg homes?
The assessed value is based on municipal valuation formulas, which for a very new home in an older area can result in a figure significantly below both market sale prices and the citywide average. The recent sale price is a more accurate reflection of current market value.
2. What does the "Elite" ranking for Year Built mean?
It means this home is newer than 99% of properties on its street, in Brooklands, and across Winnipeg. You are essentially getting a new build in a mature neighbourhood, which is rare.
3. Is the small land size a concern?
The lot is below average for the city, which is typical for older neighbourhoods. This can be a positive for those who want less yard maintenance. The trade-off is less private outdoor space, but it contributes to the home's affordability.
4. How does the living area compare?
At 1,497 sqft, it offers significantly more interior space than most Brooklands homes (ranking in the top 2%), making it a spacious option within the community, even if the lot footprint is compact.
5. What is the potential here for future value?
As a modern property in an area where almost all homes are decades older, it may appeal to future buyers for the same reasons it does now. Its value trajectory will be less about the structure aging and more tied to the overall development and demand in the Brooklands area.