245 Brooklyn Street

Property Overview

245 Brooklyn Street is a modern, two-storey home in Winnipeg's King Edward neighbourhood. Built in 2019, it stands out in an area primarily composed of much older homes. With 1,367 sqft of living space and a renovated basement, it offers contemporary finishes in a well-established setting. The home has no garage or pool.

Its primary appeal lies in its rarity as a recent build, offering move-in readiness and modern efficiency in a mature neighbourhood. The home ranks in the top tier for its assessed value, living area, and year built when compared to its immediate street and area, suggesting it is a premium property in its local context. It’s important to note that while the lot size is smaller than area averages, this often translates to lower maintenance.

This property would suit a buyer looking for a modern home without the wait and uncertainty of new construction, who values being in a central, established community. It’s also a practical choice for those who want updated mechanics and layout but prefer the character of an older neighbourhood over a new subdivision.

Frequently Asked Questions

1. Why is the assessed value so much higher than nearby homes?
The assessed value reflects the home's recent construction (2019), its above-average living area for the area, and its renovated condition. It is ranked in the top 4% of homes on its street and in King Edward for this metric.

2. What are the implications of the smaller lot size?
The land area is below average for the street, area, and city. This typically means less exterior maintenance and yard work, which can be a benefit for some buyers. However, it may limit expansion possibilities or extensive landscaping.

3. How does the living space compare practically?
At 1,367 sqft, the living area is significantly above the local average (which is around 930-952 sqft for comparable homes in King Edward). This places it in the top 6-7% for the area, offering more interior space than most nearby properties.

4. The home sold in 2020. What does that price range indicate?
The sold price range from February 2020 provides a historical benchmark. Given the significant increase in assessed value since then, a buyer should investigate current market conditions and recent comparable sales to understand today's value.

5. What is the neighbourhood like, given the mix of old and new homes?
King Edward is a mature neighbourhood. This home is an exception, being one of the newest on the block. Buyers should appreciate the established tree canopy and community feel, while understanding that most immediate neighbours will be older, character homes.