Property Summary: 1815 William Avenue W, Winnipeg

Key Characteristics & Appeal

This bi-level home at 1815 William Avenue W in Brooklands presents a practical and modernized opportunity. Built in 2009, its age is a standout feature, being newer than approximately 88% of homes on its street and in the wider city, suggesting potentially lower maintenance needs compared to much of Winnipeg's older housing stock. The home includes a renovated basement, adding valuable finished living space to the 842 sqft main floor area. It sits on a 2,601 sqft lot, which is modest for the city but typical for the neighbourhood.

The primary appeal lies in its modern build year combined with an updated basement, offering a move-in-ready foundation in a well-established area. The assessed value and recent sale price are notably lower than the citywide average, indicating an accessible entry point into the Winnipeg market. This property would suit first-time buyers or practical investors seeking a newer, low-maintenance home without a large lot to manage. It’s less suited for those requiring extensive square footage, a garage, or a large private yard.

A less obvious perspective is that its newer construction in a neighbourhood of mostly older homes could mean better energy efficiency and building standards, but also that its architectural style might differ from surrounding properties. The modest lot size translates to less exterior upkeep, which can be a significant benefit for buyers with busy lifestyles.

Frequently Asked Questions

1. Is the lot size a disadvantage?
While the land area is below the city average, it is quite typical for the Brooklands neighbourhood. It represents a manageable property size, reducing maintenance time and costs, which can be a positive for many buyers.

2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or rooms. A buyer should inquire for details on the quality, layout, and whether it includes legal egress, as this significantly impacts the value of the added space.

3. How does the assessed value compare to the sale price?
The home last sold for $32,500 in June 2023, which is higher than its $28,700 assessed value. This is common, as assessed values for tax purposes often differ from market value. The sale price is a more current indicator of its market worth.

4. With no garage, what are the parking options?
The listing notes there is no garage. Buyers should verify on-street parking regulations or the potential to add a driveway or parking pad, which is common on lots of this size in the area.

5. Why is the living area considered below average citywide?
At 842 sqft (plus the renovated basement), the above-ground living area is smaller than the Winnipeg average. This contributes to the lower price point and makes the home efficient and cost-effective to heat and maintain, though space may be compact for larger households.