Property Overview: 1862 William Avenue W, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated Brooklands home, built in 1920, presents a classic one-and-three-quarter storey layout on a generously sized lot. Its key appeal lies in the combination of a large, above-average land parcel (over 5,300 sq ft) and a recently renovated basement, offering space and modern utility. The detached garage adds practical value.

The home’s living area is modest at 896 sq ft, which suggests a cozy, efficient footprint rather than sprawling rooms. This, paired with its strong assessed value ranking within its immediate area, indicates a property that is well-maintained and considered a solid asset on its street. It last sold in April 2022 for $280,000.

This property would suit first-time buyers or downsizers looking for a character home with outdoor space in a established neighbourhood, without the upkeep of a very large house. It’s also a practical choice for an investor or buyer who values the long-term potential of the land itself, as the lot size is a standout feature both locally and within Brooklands.

Section 2: Frequently Asked Questions

1. How does the lot size compare practically?
At 5,314 sq ft, the lot is significantly larger than the average for both the street and the Brooklands neighbourhood. This offers ample space for gardening, recreation, or future expansion like a shed or deck, which is a notable advantage in an older community.

2. What does the "renovated basement" typically imply?
While specifics would require a viewing, this generally means the below-ground space has been modernized for livability. It could be a finished recreational room, additional storage, or updated utilities, adding functional space to the home's footprint.

3. The home is over 100 years old. What should I consider?
A 1920 build means character and sturdy construction, but potential buyers should prioritize a thorough inspection. Key focus areas would be the foundation, roof, wiring, and plumbing to understand any needed updates or maintenance inherent to a century-old structure.

4. The assessed value seems low compared to the sale price. Why?
Municipal assessed value for tax purposes often lags behind market value and is calculated differently. The 2022 sale price of $280,000 is the more current indicator of its market worth. The data shows this assessed value is actually above average for homes on this street.

5. Is the living space sufficient for a small family?
At 896 sq ft, the main living area is compact. The renovated basement effectively adds to the usable space. This layout can work well for a small or young family, but emphasizes efficient use of space and highlights the importance of the basement’s finish and function.