Property Overview & Key Characteristics
This one-and-three-quarter storey home, built in 1913, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its generous living space of 1,208 sqft, which is notably above average for both the immediate street and the broader area. The property sits on a standard city lot of 2,903 sqft. Key features include a basement (not renovated) and no garage.
The home suits buyers looking for a straightforward, value-oriented entry into homeownership, or an investor seeking a rental property with a low assessed value. Its above-average interior space relative to nearby homes is a significant plus for those needing room without a premium price tag. A thoughtful perspective is that the home's age and unrenovated state offer a clear canvas; the next owner can modernize it to their taste without paying for someone else's potentially dated renovations. However, this also means being prepared for ongoing maintenance and potential updates. It's a property for those who see potential in fundamentals—good space on a decent lot—rather than turn-key convenience.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This style typically features a full main floor and a second floor where the roofline slopes inward, reducing the amount of full-height wall space. It often results in cozy, character-filled upper rooms but may have less square footage on the second level than a full two-storey home.
2. The assessed value seems very low. Why is that?
The assessed value is for taxation purposes and is not the market value. It reflects a historical valuation formula. The sale price of $22.7k in 2021 is a more relevant indicator of its recent market value, though current conditions will determine today's price.
3. How does the living area compare to nearby homes?
This is a standout feature. The home's living area ranks in the top 15% compared to homes on the same street and in Chalmers, meaning it offers more interior space than most comparable properties in the immediate vicinity.
4. What should I consider about the unrenovated basement?
An unrenovated basement requires a careful inspection for moisture, foundation integrity, and the condition of essential systems like the furnace and electrical. It represents both a potential future project and a space for utilitarian storage or laundry as-is.
5. There's no garage. What are the parking options?
The property likely relies on on-street parking. It's important to check with the city regarding any permit requirements or restrictions and to observe typical parking availability on the street at different times.