Property Overview & Key Characteristics
This one-storey home on Dearborn Avenue is a classic Winnipeg character property, built in 1907. Its primary appeal lies in its solid fundamentals and strong value proposition within the Chalmers neighbourhood. The lot is a notable asset at 2,585 sqft, ranking in the top 28% on its street for size, offering ample outdoor space for a home of this era. While the living area is a modest 761 sqft, it ranks well compared to many nearby homes. A significant feature is the home's exceptionally low property taxes, as indicated by its assessed value of $13,100, which places it in the top 2% of all Winnipeg properties for low assessment. This points to major ongoing savings for the owner. The home has a basement, noted as unrenovated, and does not have a garage or pool.
This property would suit a first-time buyer or an investor looking for an entry point into the market with a character home on a good-sized lot. It’s also a potential match for someone seeking a manageable, low-maintenance footprint with the opportunity to customize over time. The very low tax burden is a compelling, less obvious advantage that adds real monthly budget flexibility, making it easier to handle renovation costs.
Frequently Asked Questions
1. What does the assessed value tell me about this property?
The assessed value of $13,100 is for municipal tax purposes only and is not the market value or sale price. Its exceptionally low ranking (top 2% in Winnipeg) indicates the owner benefits from very low annual property taxes compared to most homes in the city.
2. The home was built in 1907. What should I consider?
While the structure is over a century old and ranked well for its age locally, a thorough inspection is essential. This will identify the condition of major systems (plumbing, electrical, foundation) and the unrenovated basement. The strong lot size is a permanent asset that adds underlying value.
3. How does the living space compare to the neighbourhood?
At 761 sqft, the living area is compact but ranks in the top 30% within Chalmers, suggesting many homes in the area are of a similar or smaller size. The generous lot provides a balance, offering space that the house itself does not.
4. What is the significance of the recent sale history?
The property sold very recently in February 2025 for its assessed value ($13,100). This rapid resale suggests it may be part of an estate settlement or a quick investment flip. It’s crucial to understand what, if any, work was done during that brief ownership.
5. There's no garage. Is parking an issue?
The property listing notes no garage. Buyers should verify on-street parking regulations with the city and observe the neighbourhood to gauge typical parking availability, especially during winter months.