183 Poplar Avenue

Property Overview: 183 Poplar Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a modest, one-storey home built in 1907, situated on a generously sized lot of over 5,000 square feet in Winnipeg's Chalmers neighbourhood. Its key features include a detached garage and an unfinished basement. The home itself is quite compact at 680 square feet of living space, which is significantly smaller than most area homes.

The primary appeal lies in its land and location. The lot size is well above average for Chalmers, offering substantial outdoor space and future potential in a neighbourhood where that is becoming rarer. The very low municipal assessed value points to a potentially accessible entry price into the housing market. This property would suit a specific type of buyer: those seeking a land-value opportunity, willing to undertake a significant renovation or rebuild, or looking for a minimalist footprint. It’s a project-oriented property, not a move-in-ready home. A less obvious perspective is that its age and small scale could appeal to someone interested in a historically mindful restoration, preserving a piece of the neighbourhood's early 20th-century character rather than simply replacing it.

Section 2: Frequently Asked Questions

1. Is this a teardown property?
Given its age, very small living area, and the value appearing to be primarily in the land, it is very likely considered a redevelopment or major renovation project by most buyers.

2. Why is the assessed value so much lower than the last sale price?
Municipal assessments for tax purposes often lag behind market values and are calculated using a specific formula. The large gap between the 2019 sale price ($140,000) and the current assessed value ($16,800) strongly suggests the city's assessment views the existing structure as adding minimal value.

3. What can the large lot be used for?
The over 5,000 sqft lot provides options like extensive gardening, adding outdoor living spaces, or potentially subdividing or building an addition in the future, subject to city zoning bylaws and approvals.

4. What does "below average" in the rankings mean for a buyer?
For metrics like living area and year built, it confirms the home is older and smaller than most. For the lot size in Chalmers, being "above average" is a key positive. These rankings help contextualize the property's features against immediate neighbours and the wider city.

5. Are the utility systems updated?
The listing notes the basement is "not renovated." Given the home's age, prospective buyers should prioritize inspections and budget for potentially outdated electrical, plumbing, and heating systems, which are common in houses of this vintage.