Property Overview

This 2020-built bi-level home at 1856 Pacific Avenue W in Winnipeg's Brooklands neighbourhood presents a modern living opportunity on a standard-sized lot. Its primary appeal lies in its combination of new construction and a relatively low assessed value. The home is notably newer than almost all comparable properties in its immediate area, offering modern building standards and systems without the premium often attached to brand-new builds. With an unrenovated basement and no garage, it suits buyers looking for a solid, low-maintenance foundation to customize over time, or investors seeking a relatively new rental property. It would particularly fit first-time homeowners who prioritize a modern structure over move-in-ready finishes, or practical buyers who see value in the land and the building's age rather than in high-end current amenities.

Frequently Asked Questions

1. What does the low assessed value mean for property taxes?
A lower assessed value typically results in lower municipal property taxes compared to similar-sized homes with higher assessments. This can make the ongoing cost of homeownership more affordable.

2. The home is listed as having an unrenovated basement. What condition is it likely in?
As the house was built in 2020, the basement should be fully excavated and have basic finishes compliant with modern building codes (like foundation walls, concrete floor, and likely proper insulation and electrical rough-ins). "Unrenovated" means it's a blank canvas, not a dated or damaged space, which could be a cost-effective project to add significant living area.

3. There's no garage. Is there space to add one?
The lot is 2,593 sq ft, which is around average for the street but below average for the wider area. Adding a detached garage may be possible, but it would require checking specific setback bylaws and could consume a substantial portion of the yard space.

4. How does the 2020 build date compare to the neighbourhood?
It's exceptionally new for Brooklands. The data shows it's in the top 5% for year built in the neighbourhood, where the average comparable home was built around 1964. This is the home's standout feature, suggesting much newer plumbing, electrical, windows, and insulation than most nearby houses.

5. The home sold for $280k in 2020. What does that past sale indicate?
The initial sale price provides a baseline. Its current market value will be influenced by changes in the market since 2020, any improvements made, and its still-low assessed value. It suggests the owner may have potential for equity growth, especially if the basement is finished.