Property Overview
This one-and-three-quarter storey home on Gordon Avenue, built in 1909, presents a practical opportunity centered on its location and lot. With 982 sqft of living space and an unrenovated basement, the home itself is a straightforward canvas. Its primary appeal lies in the above-average land size (2,744 sqft) for its immediate street, offering more outdoor space than many neighbouring properties. The 2022 sale price of $210k was below the city-wide average, indicating an accessible entry point.
This property would suit a value-conscious buyer, such as a first-time homeowner or an investor, who prioritizes land potential and location over move-in-ready finishes. It’s for someone comfortable with a home that has character and requires updates, seeing the unrenovated spaces as a chance to add value over time. A less obvious perspective is that its very average metrics for the street and neighbourhood—in living area, year built, and assessed value—suggest a stable, predictable investment without the premium or risk of standing out.
Frequently Asked Questions
What does "one & 3/4 storey" typically mean for a home built in 1909?
This style usually features a full main floor and a second floor where the roofline slopes inward, creating some rooms with sloped ceilings or slightly reduced square footage on the upper level. It's a classic Winnipeg design of the era.
The assessed value seems very low at $20.1k. Is that accurate?
Yes, but note that the municipal assessed value for tax purposes is not the market value. The home last sold for $210k in 2022, which is the more relevant figure for understanding its worth.
How does the land size compare practically?
At 2,744 sqft, the lot is larger than most on Gordon Avenue (top 27% on the street). This could allow for a more generous yard, garden, or outdoor space than nearby homes, which is a key asset.
What is implied by an "unrenovated" basement?
It likely means the basement retains its original or older state, possibly with concrete floors, basic finishes, and older mechanical systems. It offers functional space and storage but would require work to become a modern living area.
Are the property rankings a good sign?
They show this home is very typical for its specific neighbourhood of Chalmers. It's not an outlier in size, value, or age, which can indicate stability and predictable property taxes relative to the area.