Property Overview
This one-and-a-half storey home on Washington Avenue in Chalmers presents a unique value proposition centered on space and potential. Built in 1946, its key characteristic is a generous 4,503 sqft lot, which is notably larger than most in the immediate area and neighbourhood. The living area of 1,292 sqft is also well above local averages, offering more interior space than many comparable homes. A recently renovated basement and a detached garage add to its functional appeal. The home’s assessed value positions it as a more accessible entry point within its local market, especially when considering the amount of land and living space offered.
Its primary appeal lies in being a substantial property in a mature neighbourhood without a premium price tag, making it a strategic opportunity for buyers looking for room to grow, garden, or add value. It would suit a first-time buyer or an investor seeking a property with a strong footprint and renovation potential, where the value is anchored in the land and the solid, expandable structure. A thoughtful perspective is that while the home is older, its above-average size for the area could provide future flexibility, whether for an addition, a suite (subject to zoning), or simply enjoying more private outdoor space than is typically available at this price point.
Frequently Asked Questions
1. Is the lot size a significant advantage?
Yes. The property's lot is in the top 15% for size on Washington Avenue and top 16% in Chalmers. This larger-than-average parcel is a standout feature, offering more yard space and potential than most neighbouring homes.
2. How does the living space compare to nearby homes?
The 1,292 sqft of living area ranks in the top 10% for the Chalmers neighbourhood. This means you are getting significantly more interior space than is typical for comparable homes in the area.
3. What does the assessed value indicate?
While the assessed value is above average for its immediate street and neighbourhood, it is below the Winnipeg city-wide average. This suggests the property is valued competitively within its local context, potentially offering more house and land for the money compared to broader city benchmarks.
4. The home was built in 1946. What should I consider?
While the basement has been renovated, the core structure is 80 years old. A thorough inspection is essential to understand the condition of major aging components like the roof, plumbing, electrical, and foundation, which is typical for homes of this era.
5. Are the recent sale prices for the area relevant?
The home itself last sold in 2021. The sale prices of nearby properties, listed by address, are provided for your reference to help gauge current market activity on the same street.