Property Overview: 1860 Elgin Avenue W, Brooklands, Winnipeg

Section 1: Key Characteristics & Appeal

This is a classic one-and-a-half storey home in Winnipeg's Brooklands neighbourhood, built in 1915. Its primary appeal lies in its land value and location-specific context. The lot is a generous 3,899 sqft, placing it in the top 25% for size on its street, offering more outdoor space than many nearby properties. While the 909 sqft living area is modest, it is actually around the average for the Brooklands area, presenting a manageable footprint.

The home suits practical, value-oriented buyers. It's ideal for a first-time homeowner comfortable with a property that needs updating, an investor looking for a land-hold opportunity, or someone seeking an affordable entry into the market with room to grow. The detached garage adds functional value. A thoughtful perspective is that its older vintage (1915) and lower assessed value suggest a lower property tax burden compared to newer, higher-assessed homes, which can be a significant long-term saving. Its appeal isn't in luxury finishes, but in solid fundamentals: a good-sized lot in an established community with a very affordable entry point.

Section 2: Frequently Asked Questions

1. What does "one-and-a-half storey" mean for this home?
Typically, this style features a full main floor and a second floor with sloping ceilings where the roofline begins, often containing bedrooms. It's a common, efficient design for homes of this era.

2. How does the assessed value compare to the last sale price?
The current assessed value is $15,400. The home last sold in October 2021 for $19,600. This difference can be due to market fluctuations, assessment timelines, or changes made to the property.

3. The lot size is noted as "above average" for the street but "below average" citywide. Which is more relevant?
For daily living and value within the immediate community, the street and neighbourhood comparisons are most relevant. It means you're getting a larger-than-typical yard for Brooklands. The city-wide comparison simply reflects that lots in newer suburban developments are often larger.

4. What is the significance of the basement being "not renovated"?
This indicates the basement remains in a largely original, utilitarian state. It provides functional space for storage, utilities, or laundry, but would require investment to be finished as a living area. It represents both a cost-saving on the purchase price and future potential.

5. Who might this property not suit?
It may not suit buyers seeking a move-in-ready home with modern amenities, or those who prefer a brand-new neighbourhood feel. The modest living area and need for updates require a buyer with a vision, patience, or a renovation budget.