Property Overview: 1835 Alexander Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 2017-built bi-level home in Brooklands offers a compelling mix of modern convenience and practical value. Its primary appeal lies in its relative newness within an established neighborhood. Built just nine years ago, it ranks in the top 5% of homes on its street and city-wide for year built, meaning it likely requires less immediate maintenance and features contemporary building standards compared to much of the surrounding housing stock.

The home sits on a 3,499 sqft lot, which is above average for both Alexander Avenue and the Brooklands area, providing good outdoor space. With 1,188 sqft of living area, it is notably more spacious than many comparable homes in the immediate vicinity. A key financial point is its assessed value ($33.5k), which ranks in the elite top 4% on its street, suggesting it is viewed as a substantial asset relative to its neighbors. The property includes a basement (not renovated) and does not have a garage or pool.

This property would suit first-time buyers or practical investors seeking a newer, low-maintenance home in a no-frills neighborhood. It’s also a strong fit for buyers who prioritize more interior and yard space over premium finishes, and for those who see value in a home that stands out positively in key metrics (like age and assessment) within its local context.

Section 2: Frequently Asked Questions

1. What does the "Elite" ranking for Assessed Value actually mean?
It means this home’s municipal assessed value is in the highest tier (top 4%) compared to 608 similar properties on Alexander Avenue. This often correlates with a combination of the newer structure, larger living area, and lot size. It’s a sign of strong relative value on its street.

2. The home is newer, but the basement is "not renovated." What should I expect?
This typically indicates a clean, functional basement space that is unfinished or only partially finished. It presents a blank canvas for future expansion or storage, but any development would be an additional project and cost.

3. How does the lack of a garage impact daily life and value here?
In this neighborhood, where many homes are older, the absence of a garage is common. Buyers should plan for street parking and consider the cost of adding a shed or carport for storage and vehicle protection, which could be a worthwhile investment given the above-average lot size.

4. The last sale price was $26.2k in 2017. How is that relevant today?
That was the original purchase price when the home was new. The current assessed value of $33.5k indicates the city’s estimate of its value growth over that period. The actual market price will be determined by current conditions, but this history shows the original base value.

5. The living area is above average for the street, but average city-wide. How should I interpret this?
This highlights the neighborhood context. You are getting a home that feels spacious compared to its immediate neighbors, which is a local advantage. For city-wide comparisons, it’s a standard size, suggesting it meets general needs without being exceptionally large or small.