Property Summary: 226 Dearborn Avenue
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1910, presents a classic Winnipeg character property on a standard city lot in Chalmers. Its key appeal lies in its position as a relatively affordable entry point into homeownership, particularly for a stand-alone house with a detached garage. The living space of 840 sq ft is compact but typical for the immediate area, making it a practical, no-frills option.
The home would suit first-time buyers, investors, or handy individuals looking for a project. Its assessed value is notably below average for both the neighbourhood and the city, which could indicate an opportunity for those willing to undertake updates. A less obvious perspective is that its older age and unrenovated basement offer a blank canvas, allowing new owners to customize without the premium of a recently flipped property. However, its smaller size and vintage mean it’s best for those with modest space needs or a vision to gradually add value.
Section 2: Frequently Asked Questions
1. What does "below average" assessed value mean in this context?
The home’s assessed value is lower than most in Chalmers and significantly lower than the Winnipeg average. This typically reflects the home’s age, size, and condition rather than its location, potentially offering a lower property tax base and a value-adding opportunity for renovations.
2. Is the lot size a pro or a con?
At 2,590 sq ft, the lot is around average for the street but smaller than many in the wider city. This is a pro for those seeking lower maintenance outdoor space, but a con if a large yard is a priority.
3. Who is this house not suited for?
It’s likely not ideal for families needing multiple large bedrooms or abundant storage, given the compact living area and the unrenovated basement. Those seeking a move-in-ready, modernized home may also find it requires considerable work.
4. How significant is the 1910 build date?
Very significant. It places the home in the "character" era, which can mean charming original features but also necessitates careful inspection for aging infrastructure like plumbing, wiring, and the foundation. Modern insulation and window standards may also be lacking.
5. What’s the immediate neighbourhood like based on the data?
The data shows the homes on Dearborn Avenue are very consistent in age, size, and value, suggesting a stable, established streetscape of similar vintage properties. This can be appealing for neighbourhood character but may mean fewer modern comparables.