Property Overview: 1995 Elgin Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home in Winnipeg's Brooklands neighbourhood, built in 1955. Its primary feature is a generous 5,201 sqft lot, which is significantly larger than most properties on its street and in the broader area. This presents a substantial opportunity for expansion, gardening, or outdoor living. The house itself is compact at 644 sqft of living space and includes a basement that is present but not renovated, along with a detached garage.
The appeal lies in its potential and land value. For the price-conscious buyer, it offers an affordable entry into homeownership with a below-average assessed value. Its true strength is the lot size; it outperforms over 90% of nearby homes for land area, making it a standout for buyers who prioritize outdoor space or future development over immediate move-in condition. This property would suit a first-time buyer comfortable with a project, an investor looking for a land-value play, or someone seeking a manageable home with rare urban green space for the area. It’s a practical choice where the land is the asset, and the house represents the opportunity to customize.
Section 2: Frequently Asked Questions
1. What does "basement yes, not renovated" typically mean?
It confirms the home has a basement, but it is in original or unfinished condition. Buyers should budget for any desired improvements and include an inspection to assess its current state and potential.
2. How significant is the large lot size in this context?
Very. The lot is in the top 9% on its street and top 7% in Brooklands for size. This is the property's most distinguishing asset, offering more private outdoor space than the vast majority of comparable homes and providing room for additions, a large garden, or a shed/workshop.
3. The living area is noted as "below average." How small is 644 sqft?
It is a compact layout, roughly equivalent to a spacious two-bedroom apartment. This emphasizes the home's focus on essential living space, making efficient use of its footprint. It's manageable for individuals, couples, or small families who spend more time outdoors.
4. The assessed value seems low compared to city-wide averages. Why?
The assessed value reflects the property's current state—a smaller, older home in a neighbourhood with generally modest valuations. It is aligned with values on its street but is below the Winnipeg average, which is driven up by newer, larger homes in more expensive areas. This can represent a lower property tax burden.
5. What is the neighbourhood (Brooklands) like?
Brooklands is a long-established, no-frills residential area in Winnipeg. It offers affordability and convenience. The nearby comparable sales and assessments suggest a stable, working-class community where this property's large lot is a notable advantage.