Property Summary: 147 Stanier Street, Winnipeg
Key Characteristics & Buyer Profile
This two-storey home, built in 1943, presents a compelling opportunity centered on space and value within its immediate community. Its primary appeal lies in its generous living area of 1,320 sq ft, which ranks in the top 5% of homes on its street and top 9% within the Chalmers neighbourhood. This makes it a notably spacious option compared to nearby properties. The home sits on a 3,396 sq ft lot and features a detached garage and a basement (not renovated).
The property’s assessed value is significantly below the Winnipeg city-wide average, indicating a potentially accessible entry point into the market. Its strengths are very much local: it offers above-average interior space for the area while maintaining land and value metrics that are typical for Chalmers. This home would best suit a value-conscious buyer looking for more room than is commonly available in the neighbourhood, or an investor seeking a property with a strong footprint relative to local prices. It’s a practical choice for those who prioritize interior space over a modernized finish, seeing potential in the existing structure.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
This is common for the Chalmers area, where property values are generally below Winnipeg's average. The assessment reflects local market conditions, not the condition of this specific home relative to the entire city.
2. How does the living area compare to nearby homes?
Very favorably. With 1,320 sq ft, this home has significantly more living space than the average home on Stanier Street (864 sq ft avg) and in Chalmers (953 sq ft avg).
3. What does "basement, not renovated" typically mean for a home of this era?
It likely means the basement is in original or functional condition, lacking modern finishes. It offers utility and storage space but may require updating for use as a living area.
4. Is the lot size a pro or a con?
It depends on your priorities. The lot is above average for the street but below average for Winnipeg overall. It provides decent outdoor space for the neighbourhood without the maintenance of a very large yard.
5. The home last sold in 2021. What should I consider?
The sale three years ago suggests a relatively recent market transaction. It’s important to investigate what, if any, changes have been made since then and to understand the seller’s reason for moving in a relatively short timeframe.