Property Overview: 1942 Alexander Avenue, Brooklands, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2022, stands out for its new construction in a mature neighbourhood. Its primary appeal lies in the combination of modern infrastructure and a modest, efficient footprint. With 1,352 sqft of living space, it offers comfortable room for a small family or couple, significantly above the average for Brooklands homes.

The property’s most notable characteristic is its land value. The lot size of 2,378 sqft is modest, but the assessed value ranks in the top 3-5% for both the street and the broader Brooklands area. This suggests the value is driven more by the new build itself than by the land, a key point for buyers. The home has an unfinished basement, presenting a clear opportunity for future customization and added value.

This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without the premium of a brand-new subdivision. It’s also a practical choice for value-focused investors, as the new build likely means minimal immediate repair costs and strong appeal to tenants looking for modern amenities. A thoughtful perspective is that this home offers a "move-in-ready" experience in an established area, bypassing the uncertainties often found in older, renovated properties.

Section 2: Frequently Asked Questions

1. Is the property tax bill unusually high due to the high assessed value?
While the assessed value is elite for the local area, it remains around the city-wide average. Taxes will be higher than on an older, smaller home on the same street but are likely in line with typical taxes for a newer home of this size in Winnipeg.

2. What does the "unfinished basement" entail?
The basement is complete but not renovated. It has foundational walls, floor, and ceiling, but is awaiting drywall, flooring, and fixtures. This is a blank canvas for future living space, a storage area, or a utility room.

3. Why is there no garage?
Many older Winnipeg neighbourhoods like Brooklands have homes built without garages, relying on street parking or the potential for a rear driveway. This is a common trade-off for the character and location of established communities.

4. How does the lot size impact future plans?
The lot is smaller than the city average. This limits possibilities for large additions but simplifies yard maintenance. Any expansion would likely need to be vertical or involve a thoughtful redesign of the existing footprint.

5. The home sold recently in 2022. Why is it back on the market?
While the specific reason isn't listed, a quick resale of a new build can sometimes relate to the original owner’s changing circumstances, such as a relocation. It does provide a recent, solid price benchmark for the current market.