Property Overview
136 Mcphail Street is a two-storey home built in 1914, situated in Winnipeg's Chalmers neighbourhood. Its key appeal lies in being a modest, no-frills property that represents an accessible entry point into the market. The home sits on a 2,500 sqft lot, which is a typical size for its street, and features 1,040 sqft of living space. A notable highlight is the renovated basement, adding functional living area. There is no garage or pool.
This property would suit a specific type of buyer: first-time purchasers or investors looking for a straightforward, lower-cost holding with renovation potential. Its assessed and recent sale values are significantly below the Winnipeg city average, making it one of the more affordable options available. The home doesn't stand out in size or modern features compared to its immediate area, but it offers solid basics—a renovated basement in a century-old home—at a very accessible price point. A thoughtful perspective is that this home is not for those seeking premium finishes or ample space, but for a pragmatic buyer who values the fundamentals of homeownership over prestige, and who may see the established neighbourhood and existing renovation work as a stable foundation.
Frequently Asked Questions
1. How does the property's value compare to the area?
The home's assessed and recent sale value is around average for Mcphail Street and the Chalmers neighbourhood, but it falls within the bottom 10% of values citywide in Winnipeg, indicating it is a notably affordable option compared to the broader market.
2. Is the lot size a pro or a con?
At 2,500 sqft, the lot is typical for the street but below average for both the neighbourhood and the city. This means smaller outdoor space to maintain, which could be an advantage for those seeking a low-maintenance yard, but a limitation for those wanting extensive gardening or outdoor recreation space.
3. What should I know about a house built in 1914?
While the renovated basement is a positive update, a 110-year-old home will likely have older components (like plumbing, electrical, and the foundation) that require careful inspection. The charm and character come with the responsibility of maintaining an aging structure.
4. The data shows "around average" for many metrics. What does that mean for me?
It means this home is very typical for its specific street and immediate area. You are not paying a premium for an exceptional lot or size, nor are you getting an outlier that is unusually small. It's a standard home in its local context, which can provide stability and predictable resale value.
5. Who would this property NOT be suitable for?
It would not suit buyers looking for modern, turn-key homes, those who require a garage, or families needing significant living space and larger yards. Its appeal is targeted toward budget-conscious buyers comfortable with a home that requires ongoing upkeep and potential updates.