Property Overview
This one-storey home at 211 Winterton Avenue in Winnipeg's Chalmers neighbourhood presents a specific and straightforward opportunity. Built in 1930, it sits on a roughly 3,000 sqft lot, which is a typical size for the immediate street and area. The living space is compact at 660 sqft, and the home features a detached garage and an unrenovated basement. Its most recent sale was in late 2020. The appeal here is largely rooted in its position as a modest, entry-level property with a low assessed value. It suits a very practical buyer: perhaps a first-time investor looking for a manageable rental property, a hands-on individual seeking an affordable footprint to gradually renovate, or someone primarily interested in securing land in the city for future use. It's not a move-in-ready family home, but a base for customization or a low-barrier entry into the market.
Key Details & FAQs
Key Characteristics & Appeal
The home’s key characteristics are its vintage, its manageable lot size, and its compact, unrenovated condition. Its appeal lies in its affordability and simplicity. It avoids the complexity and price of a modern, updated home, offering instead a blank canvas or a straightforward income property. It would suit a buyer comfortable with a project, whether that’s a slow, DIY renovation or basic upkeep for a tenant. A less obvious perspective is that this type of property can represent a lower-risk holding in a stable neighbourhood, allowing an owner to build equity without the carrying costs of a larger mortgage. It’s for the pragmatic buyer, not the perfectionist.
Frequently Asked Questions
1. What does "unrenovated basement" typically imply?
It usually means the basement is in original or functional condition, but not modernized. Expect basic finishes, older mechanical systems (like the furnace or wiring), and potential moisture concerns that should be investigated. It offers utility and storage space but not finished living area.
2. How does the low assessed value impact property taxes?
A lower assessed value generally results in lower municipal property taxes compared to more highly valued homes in the city. This is a key point for budgeting, making ongoing ownership costs relatively affordable.
3. Is the 660 sqft living area workable for a small household?
It is compact by modern standards. The layout will be crucial. For a single person, couple, or a small investor renting to a single tenant, it can be sufficient. It requires efficient use of space and likely lacks the open-concept feel of newer builds.
4. What are the advantages of a detached garage?
A detached garage offers flexibility. It can be used for vehicle storage, a workshop, or additional storage without impacting the living space of a small home. It also provides potential for future modification or even replacement separate from the main house.
5. The home sold recently in 2020. What should I consider?
A sale just a few years ago warrants looking into why it’s back on the market. It could be a simple life change for the seller, or it might suggest the scope of needed updates was greater than anticipated. A thorough inspection and review of any recent permits or work done is advised.