Property Overview & Appeal
This two-storey home at 192 Midwinter Avenue in Winnipeg's Chalmers neighbourhood presents a compelling opportunity centered on space and value. Its key characteristic is an exceptionally large 8,029 sqft lot, which places it in the top 5% of properties on its street and the top 1% within Chalmers. This generous outdoor space is paired with a well-above-average living area of 2,050 sqft, ranking in the top 10% locally and the top 1% for the neighbourhood. The home itself is from 1955 and features a renovated basement.
The primary appeal lies in the rare combination of a sizable house on a much larger-than-typical lot for the area, offering significant potential for gardening, expansion, or simply enjoying ample private outdoor space. It would particularly suit buyers looking for a "blank canvas" property where the land itself is a major asset, as well as families or multi-generational households needing substantial indoor and outdoor room. A thoughtful perspective is that while the home is older, its above-average year-built ranking for the immediate area suggests it is one of the more modern structures on the block, potentially offering better foundational condition than neighbouring properties. The recent sale price of $400k sits well above the citywide assessed value average for comparable homes, indicating the market has recognized this premium in land and living space.
Frequently Asked Questions
1. How does the lot size compare to a typical Winnipeg property?
The lot is 8,029 sqft, which is significantly larger than the Winnipeg average of approximately 6,570 sqft for comparable homes, placing it in the top 11% citywide.
2. Is the $400k sale price consistent with the home's assessed value?
No, the sale price is substantially higher than the listed assessed value of $44.50k. This is common, as assessed values for taxation purposes often differ markedly from current market values, which are influenced by recent sales, condition, and desirability.
3. What does the "renovated basement" entail?
The provided details only confirm the basement is renovated. Specifics on the scope, quality, permits, or finished square footage would require inquiry with the listing agent or a viewing.
4. The home was built in 1955. Should I be concerned about major updates?
While the basement is noted as renovated, the age suggests important systems like plumbing, electrical, and the roof may need evaluation. Its year-built ranking in the top 25% on its street, however, indicates it is newer than many immediate neighbours.
5. There's no garage. Is that typical for the area?
The listing specifies no garage. Given the very large lot size, there may be space or potential to add one, subject to local zoning and bylaws, which would be a key point for a buyer to investigate.