Property Overview: 2002 William Avenue W, Brooklands
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home built in 1910, situated on a 2,656 sqft lot in Winnipeg's Brooklands neighbourhood. With 716 sqft of living space, no basement, no garage, and no pool, it represents a very basic housing option. Its primary appeal lies in its affordability and land value, as evidenced by its low assessed value and a last recorded sale price of $11,100 in 2018. The lot size is notably larger than many city-wide comparisons but is average to below-average for its immediate area.
This property would suit a specific type of buyer: an investor or handy purchaser looking for a land-value play or a foundational project. It is not a move-in-ready home but could be a candidate for a full rebuild (subject to zoning) or a substantial renovation for someone willing to invest sweat equity. Given its scale and condition, it is unlikely to suit a traditional family seeking turnkey living space but may appeal to those with a vision for creating a small, efficient home from the ground up.
Section 2: Frequently Asked Questions
1. What is the true value here?
The value is primarily in the land. The existing structure is very small and over 110 years old, so buyers should budget for significant updates or potential redevelopment.
2. Is this a good investment property?
For a rental in its current state, likely not. However, for an investor with construction expertise, it could be a low-cost entry point to build a new rental property, depending on local development rules.
3. Why was the last sale price so low?
The 2018 sale price of $11,100 is exceptionally low, even for a modest home. This typically indicates a property sold in "as-is" condition, possibly for land value only, or as part of a non-arms-length transaction. It should not be used as a direct benchmark for current market value without understanding those circumstances.
4. What are the immediate costs or concerns with a home this old?
Prospective buyers must prioritize a thorough inspection. Key concerns for a 1910 build will include the foundation, roof, wiring, plumbing, and insulation. The absence of a basement may limit storage and mechanical system options.
5. How does the lot size compare practically?
At 2,656 sqft, the lot is smaller than the Winnipeg average but is a reasonable size for the neighbourhood. It offers potential for outdoor space or an addition, but its narrow street-front width (typical of older avenues) may limit design options for a new build.