Property Overview & Key Characteristics
This two-storey home at 200 McIntosh Avenue in Winnipeg's Chalmers neighbourhood presents a distinct value proposition centered on space and potential. Its primary appeal lies in offering significantly more living area (1,476 sq ft) than most comparable homes on its street and in the wider neighbourhood, ranking in the top 5-7%. This is housed on a larger-than-average lot for the area (over 4,000 sq ft), providing valuable outdoor space. The home features a renovated basement and a detached garage. Built in 1921, its character is balanced by modern updates.
The property suits practical buyers looking for room to grow without a premium price tag. It’s ideal for a young family needing more square footage than typical starter homes offer, or an owner-investor who values the flexibility of a renovated basement suite (subject to verification). The below-average citywide assessed value suggests a lower tax burden, which appeals to budget-conscious buyers. However, the older foundation and systems call for a buyer comfortable with the maintenance nuances of a century home. Its strong performance in local rankings, yet modest citywide standing, highlights it as a standout in its immediate market—a smart pick for those prioritizing interior and lot size in Chalmers over a newer build in a different area.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing notes the basement is renovated, but specifics on finish quality, ceiling height, legal suite status, and moisture control are essential to request. An inspection is highly recommended to detail the scope and quality of this work.
2. Why is the assessed value so much lower than recent sale prices?
The assessed value (approximately $20.5k) is for municipal tax purposes and is not a market valuation. The sale history (e.g., $270k in 2022) reflects the actual market price. This discrepancy can result in relatively lower property taxes.
3. Are there any concerns with a home built in 1921?
While offering character, a 105-year-old home will likely have older wiring, plumbing, and insulation. A thorough inspection is crucial to understand the condition of these systems, the foundation, and the roof, and to plan for potential updates.
4. How does the lot size benefit a buyer?
At over 4,000 sq ft, the lot is larger than 77% of those on McIntosh Avenue. This provides extra outdoor space for gardening, play, or entertaining, and offers future potential for additions or landscaping projects, subject to zoning bylaws.
5. What is the neighbourhood (Chalmers) like for families?
Chalmers is an established, centrally-located neighbourhood. Buyers should research local schools, amenities, and transit links firsthand. The property’s rankings suggest it offers above-average living space for the area, which is a key advantage for family living here.