Property Overview
This is a compact, modern property built in 2010, offering 805 square feet of living space. Its key appeal lies in its relative newness and efficient footprint, presenting a low-maintenance living option. The home sits on Talbot Avenue in the Chalmers neighbourhood and features no basement, pool, or garage.
The data reveals a property of contrasts. For its immediate street, it ranks highly, being newer and comparable in size and value to its direct neighbours. However, within the broader Chalmers area and city-wide, it falls below average for living space and assessed value. This suggests it is a distinctly modest offering within its community, which translates to a very accessible price point. It last sold in May 2022 for $15,800.
This home would suit a specific buyer: a first-time purchaser or an investor seeking an entry point into the market with a newer build that requires minimal immediate work. It could also appeal to someone looking to downsize or live simply without the upkeep of a larger, older home. Its value proposition is modern essentials at a minimal cost, rather than space or premium finishes.
Frequently Asked Questions
1. What does "below average" for the neighbourhood and city actually mean for a buyer?
While the home is smaller and has a lower assessed value than many Chalmers and Winnipeg properties, this is precisely what creates its affordability. You are trading space for a newer building (2010) that likely has more modern systems and less risk of major repair than the area's many century-old homes.
2. The home has no basement, pool, or garage. How significant are these omissions?
The lack of these features underscores the home's low-maintenance, simplified nature. It eliminates concerns over basement flooding or garage upkeep. However, it also means no traditional storage or utility space, so creative storage solutions or a willingness to live with less will be important.
3. The assessed value is notably low. Does this indicate a problem?
Not necessarily. The assessed value is used for calculating property taxes and is influenced by the home's modest size and basic features. The close alignment between its last sale price ($15,800) and its current assessed value ($15,500) suggests the valuation is stable and market-based.
4. Who are the most likely neighbours, given the multiple units at 387 Talbot Avenue?
The listing shows several units (e.g., 3-387, 6-387) at the same address, indicating this is likely a multi-unit property such as a condominium or townhouse complex. This offers a sense of community but also means shared walls and common area responsibilities.
5. Is this a good investment property?
Its low entry cost and newer build could make it a candidate for a rental investment, as major capital expenses may be deferred. However, potential returns should be weighed against the fees associated with a multi-unit complex (if applicable) and the fact that its modest size will attract a specific tenant demographic.