Property Overview: 175 Poplar Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, early-1900s one-and-a-half storey home in the Chalmers neighbourhood, sitting on a modest 3,331 sqft lot. Its key features include a detached garage and a renovated basement. The home’s primary appeal lies in its position as an entry-point property with very low property taxes, due to an assessed value significantly below city and area averages. The renovated basement adds functional living space beyond the 1,047 sqft main floor area.
It would suit a specific type of buyer: first-time purchasers or investors seeking the absolute lowest carrying costs, or hands-on owners who value location over the home itself and are prepared for the maintenance inherent in a 114-year-old structure. Its below-average sale price for the street suggests it’s a value play in its immediate area, but the data indicates it’s one of the oldest and smallest properties on Poplar Avenue. The appeal is pragmatic—it’s for securing an address in the area with minimal financial outlay for the structure itself, potentially freeing up budget for future updates.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is based on market value and specific property characteristics. Here, the older age, smaller living area, and modest lot size relative to the city contribute to an assessment focused primarily on the land value within its neighbourhood context.
2. What does having a "renovated basement" typically mean for a home of this age?
In a 1912 home, this often indicates foundational upgrades like moisture control, insulation, and modern electrical or plumbing runs. It’s crucial to verify the scope, permits, and how it addresses common issues like ceiling height and egress.
3. The home ranks low for land area on its own street. Is that a concern?
It confirms the lot is smaller than most on Poplar Avenue. This isn’t inherently a problem but sets expectations: outdoor space will be limited, and the potential for large additions or pools is reduced compared to neighbours.
4. How should I interpret the sale history showing a sale for $15,500 in 2019?
Such a sale price is far below typical market value for a stand-alone house and usually indicates a non-arms-length transfer (like between family members) or a sale of the property "as-is, where-is" with significant conditions. It does not reflect current market value.
5. Who is this property not suited for?
It’s likely not a fit for buyers seeking a move-in-ready home without any projects, those needing ample space for a growing family, or anyone uncomfortable with the ongoing maintenance and potential system updates required by a century-old building.