Property Overview: 140 Brazier Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the Chalmers neighbourhood presents a practical and renovated living space. Its key features include a renovated basement and a detached garage. Built in 1958, the house is newer than many in its immediate area, offering a relative advantage in potential maintenance needs. With 1,092 sqft of living space, it provides more room than the typical Chalmers home, while the 3,295 sqft lot is a manageable size.
The appeal here is one of value and context. The home’s assessed value is modest, especially compared to the city-wide average, yet it ranks above average for the neighbourhood. This suggests a solid entry point into a well-established community. It suits first-time buyers or downsizers looking for a turnkey, single-level home without a premium price tag. The renovated basement adds flexible living or storage space, a significant plus for the property's size. A thoughtful perspective is that while the lot is smaller than some on its own street, it requires less upkeep, appealing to those seeking a lower-maintenance yard without sacrificing the benefits of a detached home.
Section 2: Frequently Asked Questions
1. How does this property compare to others in the area?
The data shows this home is competitively positioned within Chalmers. It is newer and has more living space than many neighbourhood comparables, while its assessed value sits above the local average, indicating a strong relative valuation.
2. What is the significance of the renovated basement?
A renovated basement in a one-storey home effectively adds a second, versatile level to the living area. It can serve as a family room, home office, or additional bedroom space, which significantly enhances the functionality of a 1,092 sqft main floor.
3. Is the land size a drawback?
At 3,295 sqft, the lot is below the city average but fairly typical for the neighbourhood. It provides adequate outdoor space for gardening or relaxation while minimizing the time and effort required for landscaping—a benefit for busy homeowners.
4. Why is there a difference between the last sale price and the assessed value?
The home sold for $220,000 in January 2020. The assessed value of $26,300 is for taxation purposes and is not an indicator of market value. Market value is determined by recent sales of similar properties, current demand, and condition.
5. Who would this property not suit?
This home may not suit buyers seeking a very large yard, extensive space for multi-generational living, or a brand-new build. Its strengths lie in efficient, renovated living for smaller households within a mature community.