Property Overview: 195 Gordon Avenue, Winnipeg
Key Characteristics & Appeal
This home is a classic one-and-three-quarter storey house in Winnipeg's Chalmers neighbourhood, built in 1911. Its primary appeal lies in its solid, no-frills foundation and its position as a value-oriented property with clear potential. The lot size is a notable feature—at 2,744 sqft, it is above average for Gordon Avenue, offering good outdoor space relative to immediate peers. The living area (1,008 sqft) is comfortably in line with neighbourhood norms. The home includes a detached garage and a basement that is present but unrenovated, indicating a blank canvas for future improvements.
This property would suit a practical buyer looking for an entry point into homeownership, or an investor seeking a land-value opportunity with a standing structure. It’s for someone who sees value in a home’s basic structure and lot size, and who is prepared to tailor the space to their own needs over time. A less obvious perspective is that its very modest assessed value and sale price, especially compared to the city-wide average, suggest it is not a move-in-ready showpiece but a strategic purchase. Its appeal is rooted in what it could be, rather than what it currently is, making it a project for a hands-on buyer.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a traditional architectural style where the second floor has slightly less floor area than the main floor, often with sloped ceilings or dormer windows. It typically offers character and efficient use of space.
2. Is the basement finished?
No, the basement is noted as "not renovated." Buyers should budget for any desired improvements and consider a thorough inspection to assess its current condition and potential.
3. How does the lot size compare to others?
The land area is a strong point for this property. It ranks in the top 27% on its own street, meaning the lot is larger than many of its direct neighbours.
4. Why is there such a large gap between its value and the Winnipeg average?
The assessed value is significantly below the city-wide average, which generally reflects the home’s age, condition, and the specific market dynamics of the Chalmers area. It indicates a property where the value is likely weighted more toward the land than the current structure.
5. What should I consider about a home built in 1911?
While full of character, a home of this age requires careful attention to foundational integrity, wiring, plumbing, and insulation. It’s wise to factor in potential updates to meet modern standards and efficiency.