Property Overview: 227 Gordon Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic two-and-a-half storey home built in 1909, situated on a generous 3,030 sqft lot in the Chalmers neighbourhood. Its primary appeal lies in its substantial size and potential. With 1,958 sqft of living space, it offers significantly more room than most comparable homes on its street and in the wider area, ranking in the top 2% locally. This presents a notable opportunity for buyers seeking space for a growing family, a home office, or flexible layouts.
The property suits buyers who are value-oriented and see potential in a solid, character-filled structure. It’s ideal for a hands-on owner comfortable with a project, as the basement is noted as unrenovated. The appeal is grounded in the lot size and the spacious interior footprint, offering a canvas for modernization while the lower assessed value reflects its current condition. It’s a property for those looking to build equity through sweat equity, in a neighbourhood where the home itself offers more space than the typical surrounding properties.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed values are based on a property's current state and recent sales. This valuation reflects the home's age and likely need for updates, not its potential after renovation. It indicates a lower property tax base, which can be an advantage for a buyer planning improvements.
2. The home sold for $15,200 in 2016. What does that mean for today's price?
That historic sale price is not a direct indicator of current market value. It often signifies a prior transfer under unique circumstances, such as between family members or as part of an estate settlement. The current listing price will be based on present market conditions and the property's attributes.
3. Is the large living area due to finished spaces in the basement?
No. The listed living area (1,958 sqft) typically refers to above-grade, finished space. The basement is separately noted as "not renovated," so the substantial square footage is primarily in the main two-and-a-half storeys of the house itself.
4. There's no garage. How is parking for this property?
The listing specifies no garage. Parking would be limited to on-street. Buyers should verify local parking regulations and typical availability on Gordon Avenue to ensure it meets their needs.
5. How does the age of the home (1909) affect a purchase?
A home of this age offers character and solid construction but requires careful inspection. Key considerations will be the condition of foundational elements, the roof, wiring, plumbing, and insulation. An updated furnace, windows, and electrical system would be significant positives, while their absence represents a key budget consideration for renovation.