Property Overview
133 Stanier Street is a one-and-a-half storey home built in 1943, situated on a standard-sized lot in Winnipeg's Chalmers neighbourhood. Its key features include a renovated basement and a detached garage. The home presents a practical, no-frills opportunity, with its most recent sale recorded at $130,000 in 2016.
Key Characteristics & Appeal
The primary appeal of this property lies in its position as an affordable, functional entry point into the Winnipeg market. With a living area of 880 sq ft, it offers compact and manageable space. The renovated basement adds valuable flexible square footage for storage, a workshop, or recreational use. Its assessed value is consistently average for its immediate street and neighbourhood, suggesting stability and alignment with local norms rather than standing out as an outlier.
This home would suit first-time buyers, investors, or downsizers seeking a low-maintenance footprint without major renovation projects. A thoughtful perspective is that its "average" metrics across the board for the area—from lot size to year built—mean it faces less risk of being over-improved or under-improved compared to its neighbours, which can be an advantage for long-term value retention. Its appeal is pragmatic, centered on providing essential shelter and ownership at an accessible level.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the quality of finishes, the state of foundational elements, and whether it is developed as legal living space.
2. How does the $130,000 sale price from 2016 relate to today's value?
That price is a historical data point and does not reflect current market value. The assessed value for taxation purposes is listed at $22,100, but the actual market price is determined by recent comparable sales, condition, and current market dynamics.
3. Is the lot size a pro or a con?
At just under 3,000 sq ft, the lot is average for Chalmers but below the city-wide average. This means lower outdoor maintenance but also limited space for expansions, large gardens, or privacy. It's a typical urban lot for the neighbourhood.
4. What are the implications of the home's age?
Built in 1943, the home is older than the Winnipeg average. While the basement has been renovated, prospective buyers should budget for potential updates to major aging components like the roof, plumbing, or electrical systems.
5. Who might this property not suit?
It may not suit buyers seeking modern, open-concept layouts, as the living area is compact. It's also less ideal for those needing multiple bedrooms or dedicated home office spaces without utilizing the basement, or for buyers who prioritize a large private yard.