196 Dearborn Avenue

Property Summary: 196 Dearborn Avenue, Winnipeg

Section 1: Overview & Appeal

This is a modest, one-storey home built in 1914 on a standard residential lot in the Chalmers neighbourhood. Its key characteristic is its simplicity: it offers 848 sqft of living space, an unrenovated basement, and no garage. The lot size is typical for the immediate street but smaller than the Winnipeg average.

The primary appeal lies in its position as an affordable, no-frills entry point into the housing market. With a very low assessed value and a recent sale price significantly below city averages, it represents one of the most accessible priced properties in Winnipeg. It suits a specific type of buyer: those seeking a minimal footprint, investors looking for a straightforward rental property, or handy individuals viewing it as a long-term "blank canvas" project. A less obvious perspective is its relative historical standing on its own street—built in 1914, it is actually older than many of its neighbours, which may appeal to someone interested in the area's early development.

Section 2: Frequently Asked Questions

1. Is this a teardown property?
Given the home's age, modest size, and unrenovated state, some buyers may consider it for land value. However, its lot size is average for the street but below average for the wider city, which is an important factor in that decision.

2. How does the assessed value compare to the sale price?
The home last sold in March 2021 for $13,500. Its current assessed value is $15,300, which is around average for Dearborn Avenue but below average for both the Chalmers neighbourhood and Winnipeg as a whole.

3. What is the neighbourhood like for a home of this age?
The Chalmers neighbourhood has a mix of home ages. While this home (1914) is older than the city average, it is actually around the average age for this specific neighbourhood, meaning you'll find many other homes from a similar era nearby.

4. How does the living space compare to nearby homes?
With 848 sqft, the living area is slightly below the average for both Dearborn Avenue and the Chalmers area. Buyers should expect a compact living arrangement suitable for one or two people.

5. What are the expansion possibilities?
The lot provides standard outdoor space for the street. The unrenovated basement offers potential for additional storage or living space, subject to necessary upgrades and permits. The lack of a garage means off-street parking would need to be created.