Property Overview: 1998 Alexander Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Brooklands presents a compelling opportunity defined by its generous lot and recent sale. Its primary appeal lies in the substantial 4,769 sqft lot, which ranks in the top 6% for size on its street and the top 20% within the Brooklands neighbourhood. This expansive outdoor space offers significant potential for gardening, expansion, or simply enjoying a larger-than-typical yard in the city. The home itself is a modest 768 sqft bungalow built in 1952, featuring a renovated basement and a detached garage.
The property suits practical buyers looking for a land-focused investment or a cozy, manageable footprint with room to grow outdoors. It’s ideal for first-time homeowners, downsizers, or investors who value a strong lot-to-building ratio and the flexibility it provides. A thoughtful perspective is that while the living space is compact, the highly above-average lot size for the area offers a rare chance to own a sizeable piece of land without a premium suburban price tag, positioning it as a strategic entry into the market.
Section 2: Frequently Asked Questions
1. How does the sale price compare to the assessed value?
The home recently sold for $310,000, which is substantially higher than its $24,600 assessed value. It’s important to understand that municipal assessed value for taxation purposes is not a market valuation; the sale price reflects current market conditions and buyer demand.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finish. This would be a key point to clarify with the seller or agent regarding the quality, layout, and whether it includes a legal suite or additional living space.
3. Is the large lot size typical for Brooklands?
No, this lot is notably larger than average. It significantly outperforms the typical lot size for both Alexander Avenue and the broader Brooklands neighbourhood, making it a standout feature of this property.
4. Who might find the smaller living area (768 sqft) suitable?
The floorplan is best suited for individuals, couples, or small families comfortable with efficient living. Its appeal is balanced by the large yard and renovated basement, which can effectively extend the usable space.
5. How does the year built (1952) affect the home?
Built in 1952, the home is newer than many on its street but is still a mature property. Buyers should budget for ongoing maintenance typical of a home of this age and consider a thorough inspection to understand the condition of major systems like plumbing, electrical, and the roof.