Property Overview: 217 Union Avenue W, Winnipeg
Key Characteristics & Buyer Profile
This 2019-built bi-level home presents a unique blend of modern convenience and established neighborhood character. Its primary appeal lies in its relative newness within a mature area like Chalmers, offering a move-in-ready condition that stands out. The home features a renovated basement and 1,020 sqft of living space, which is above average for its immediate street. The lot size of 2,904 sqft is manageable, favoring low-maintenance outdoor living.
The property is particularly suited to first-time buyers or downsizers seeking a modern, efficient home without the upkeep of an older property. Its strong assessed value ranking locally suggests it is viewed as a solid asset within the community. A thoughtful perspective is that this home offers a "best of both worlds" scenario: the modern systems and layout of a new build, coupled with the settled, tree-lined streets of an established neighborhood, potentially avoiding the raw, unfinished feel of some brand-new subdivisions. The recent sale history shows significant equity growth since 2019, indicating strong market confidence in this specific home and street.
Frequently Asked Questions
1. How does the home’s age compare to the neighborhood?
Built in 2019, this home is exceptionally new for the area. It ranks in the top 1% for year built on its street and in Chalmers, where the average home was built around 1940.
2. Is the living space typical for the area?
At 1,020 sqft, the living area is above average for Union Avenue W and about average for the broader Chalmers neighborhood. It provides a comfortable footprint that is efficient and modern.
3. What does the assessed value tell us?
With an assessed value ranking in the top 4% locally, this property is considered a high-value home within its immediate context, even though it sits around the city-wide average. This often reflects a combination of its new condition, specific location, and improvements.
4. How has the property’s value changed?
The home sold for $25.2k in 2019 and most recently for $360k in June 2024. This substantial increase reflects both the added value of the completed construction and strong market appreciation for modern homes in the area.
5. What is the lot size like?
The 2,904 sqft lot is below the city-wide average but is quite standard for the Chalmers neighborhood and on the smaller side for its specific street. This translates to less yard maintenance, which can be a plus for many buyers.