Property Overview
This two-storey home at 210 Mcintosh Avenue in Winnipeg's Chalmers neighbourhood presents a specific and practical value proposition. Built in 2005, it is a notably modern property compared to most on its street and in the wider area. Its key appeal lies in being a relatively new, low-maintenance structure on a modest lot, offering an efficient 1,080 sqft of living space. The home has an unfinished basement, no garage, and no pool, positioning it as a straightforward, no-frills dwelling.
It would suit first-time buyers or investors seeking an entry point into the market with a newer building that likely requires fewer immediate repairs than century-old homes common in the area. The 2019 sale price of $190k, significantly below the city-wide average, underscores its accessibility. A thoughtful perspective is that this property represents a trade-off: you acquire a newer build for peace of mind, but on a smaller parcel of land compared to local norms, which may limit expansion potential but also minimizes yard upkeep.
Frequently Asked Questions
1. What are the main advantages of this home?
The primary advantage is its age. Built in 2005, it is significantly newer than most homes in Chalmers and on its street, suggesting modern construction standards and potentially lower costs for major system updates in the near term.
2. Who is this property best suited for?
It is well-suited for first-time homebuyers or budget-conscious investors looking for a turnkey, low-maintenance building. It may also appeal to those who prefer a smaller, efficient layout without the upkeep of a large lot.
3. How does the lot size compare to others?
The land area of 1,941 sqft is below average for the street, neighbourhood, and especially city-wide. This means a smaller yard, which can be a positive for minimal maintenance or a limitation for those wanting outdoor space or future additions.
4. Why is the assessed value so much lower than the city average?
The assessed value ($23.7k) is for taxation purposes and is not a market valuation. It reflects the property's value relative to others in Winnipeg for tax calculation. The market price, indicated by the 2019 sale of $190k, is a more relevant figure, though it remains below the city-wide average due to the home's size, lot, and neighbourhood.
5. What should I consider about future resale?
Consider the balance of attributes. The newer build is a strong asset, but the very small lot size for the area may affect appreciation compared to properties with more land. Its appeal will likely remain with a similar buyer profile: those prioritizing a modern structure on a budget.