Property Summary: 1868 Pacific Avenue W, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Brooklands presents a practical and modern living opportunity. Built in 2005, it is a notably newer construction compared to most homes on its street and across Winnipeg, suggesting fewer immediate concerns with aging infrastructure. The 1,080 sqft living space is efficiently sized, offering above-average room for the neighbourhood. A key feature is the renovated basement, which adds valuable finished space.

The property’s primary appeal lies in its substantial 3,470 sqft lot, which is significantly larger than most on Pacific Avenue and in Brooklands. This creates excellent potential for outdoor living, gardening, or future expansion. The home’s consistent sale price growth and above-average assessed value for its immediate area indicate it is a well-regarded property on a street of mostly older homes.

This home would suit first-time buyers or downsizers seeking a modern, low-maintenance property without sacrificing yard space. It’s also a sensible choice for value-conscious buyers who appreciate the upside of a larger lot in a neighbourhood of older, often smaller, properties. The lack of a garage is a trade-off for the lot size, making it less ideal for those requiring dedicated vehicle storage.

Section 2: Frequently Asked Questions

1. How does the lot size compare to typical city lots?
While the home itself is a comfortable size, the lot is the standout feature. At 3,470 sqft, it is over 20% larger than the average lot in Brooklands and more than double the average lot size on Pacific Avenue itself.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand if it’s a finished living space, a recreational room, or has separate entrance potential.

3. Is the assessed value a reliable indicator of the listing price?
No, not directly. The home’s assessed value for municipal taxes is $27,800, but its last sale price in 2022 was $280,000. Assessed value is for taxation purposes and is typically much lower than market value, which is determined by recent comparable sales, condition, and demand.

4. The home sold recently in 2022 and 2021. Is that a concern?
The recent sales history indicates a quickly turning property, which can happen for many neutral reasons (job relocation, change in family size). It’s wise to inquire about the reasons for sale and review the quality of renovations done during that period.

5. What are the implications of having no garage?
This means all parking will be on the driveway or street. The large lot does provide ample driveway space for multiple vehicles. Buyers should consider their storage needs for vehicles, tools, and seasonal items, and budget for a shed or future garage construction if needed.