Property Overview
This 1948 one-storey home at 207 Poplar Avenue in Winnipeg's Chalmers neighbourhood presents a straightforward opportunity centered on its land. The house itself is modest at 972 sqft, with an unrenovated basement and a detached garage. Its primary appeal lies in its substantial 5,744 sqft lot, which is well above average for the Chalmers area. The property suits a value-driven buyer looking for a lower-cost entry into homeownership, an investor seeking a land-hold or redevelopment potential, or a hands-on individual willing to live in a basic home while planning future expansions or renovations. It’s a practical choice for those who prioritize lot size and location over move-in-ready finishes.
Key Details & FAQs
- Key Characteristics: A 972 sqft, one-storey home built in 1948, situated on a 5,744 sqft lot. It features a detached garage and an unrenovated basement.
- Primary Appeal: The lot size is a standout feature for the neighbourhood, offering space and potential. The assessed and recent sale values are notably below the Winnipeg city average, indicating an accessible price point.
- Ideal Buyer: Best suited for investors, first-time buyers comfortable with a project, or those with long-term plans to utilize the generous lot size.
Frequently Asked Questions
1. Is the house in livable condition?
The listing notes the basement is "not renovated," suggesting the home is functional but likely requires updates and personalization. A viewing and inspection are essential to understand the full scope of its condition.
2. Why is the sale price so much lower than the city average?
The price reflects the home's modest size, age, and condition. It is aligned with values in its immediate area, offering affordability in exchange for potential renovation work or land value.
3. What makes the lot size significant?
At 5,744 sqft, the lot is in the top 5% for the Chalmers neighbourhood, where the average is about 3,432 sqft. This provides uncommon space for gardens, outdoor living, or future additions like a larger garage or an extension, subject to local zoning.
4. How does this property compare to others on the street?
The home is generally around average for Poplar Avenue in terms of land area, year built, and value. Its living space is slightly smaller than the street average, but its lot size remains a relative strength.
5. What is the long-term potential here?
The potential is tied to the land. Owners could gradually renovate the existing home or, in the long term, explore redevelopment options (like building a new home) where the lot size would be a major asset, making it a strategic purchase.