Property Overview

This bi-level home at 1821 William Avenue W in Winnipeg's Brooklands neighbourhood presents a practical and modern living opportunity. Built in 2011, it is a notably newer construction compared to most homes on its street and in the wider area. The property features a renovated basement and a detached garage on a 2,602 sqft lot. With 756 sqft of living space, it offers a compact and efficient layout. Its most recent sale was in July 2017 for $230,000, and it holds an assessed value of $27,500.

Key Characteristics & Appeal

The primary appeal of this home lies in its modern age and manageable scale. As a home built just over a decade ago, it likely benefits from contemporary building standards, materials, and systems, offering a significant advantage over the area's predominantly older housing stock. This translates to reduced immediate maintenance concerns and potentially better energy efficiency.

Its appeal is grounded in practicality rather than grandeur. The renovated basement adds valuable finished space, while the detached garage provides secure storage or workshop potential. The lot size is modest, especially compared to city-wide averages, which means less yard upkeep—a plus for those seeking a low-maintenance lifestyle. However, it's worth noting that the living area is compact, suiting individuals, couples, or small families who prioritize simplicity and newer construction over square footage.

This property would best suit first-time buyers or downsizers looking for a modern, move-in-ready home without the premium price tag of a new build. It’s also a sensible choice for an investor seeking a relatively new property with a stable rental history in a established neighbourhood. A less obvious perspective is that its higher assessed value relative to immediate neighbours suggests municipal recognition of its improved condition or features, which can be a stabilizing factor.

Frequently Asked Questions

1. How does the home’s modern build year (2011) impact ownership?
It typically means major components like the roof, windows, furnace, and electrical system are younger and less likely to need immediate replacement compared to a century-old home, providing predictable budgeting for the early years of ownership.

2. The living space is noted as compact. How does the layout function?
As a bi-level with a renovated basement, the design likely separates sleeping areas from living areas across two floors, making efficient use of the square footage. The basement renovation effectively doubles the usable living area.

3. What does the assessed value of $27,500 mean for property taxes?
The assessed value is used to calculate your share of municipal taxes. While this assessment is above average for the immediate street, property taxes here are likely to remain relatively affordable compared to many newer suburban areas with much higher assessments.

4. The lot is smaller than average. What are the implications?
This allows for easier and quicker yard maintenance. The trade-off is less private outdoor space for gardening or recreation. The positioning of the detached garage will be a key factor in understanding the remaining usable yard area.

5. Is the 2017 sale price of $230,000 relevant today?
It provides a historical benchmark, but market conditions have changed since then. It should be used as a reference point only, with current market analysis being essential to determine today's fair market value.