Property Overview: 231 Union Avenue W, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Chalmers presents a unique blend of historic character and practical updates. Built in 1909, it sits on a modest, below-average-sized lot for the area but offers a living space (1,122 sqft) that is notably larger than many comparable homes on its street and in the neighbourhood. A key feature is its renovated basement, adding functional space, and it includes a detached garage.
Its primary appeal lies in its value proposition and efficient use of space. While the land footprint is smaller, the home itself provides ample living area. The recent renovation suggests modern comforts have been integrated, a significant plus for a home of this age. The property would suit first-time buyers or practical downsizers looking for an established neighbourhood character without a massive yard to maintain. It’s also a sensible fit for value-focused investors or homeowners who prioritize interior living space over extensive outdoor property, and who appreciate a home with a story, having stood for over a century.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, moisture control, and permitted use (e.g., legal suite, recreation room) are not provided. This would be a key area for a home inspection and questions for the seller.
2. How does the smaller lot size impact daily living?
While the yard is smaller than area averages, it means less maintenance. The trade-off is less private outdoor space for gardening or recreation. The proximity to neighbouring homes, as seen with nearby addresses just meters away, offers a close-knit street feel but less privacy.
3. The assessed value is significantly lower than the last sale price. Why?
The 2021 sale price of $220k is much higher than the current assessed value of $18.9k. This is normal; municipal property assessments in Manitoba are not intended to reflect market value but are used for tax calculation. Market value is determined by recent sales of comparable homes.
4. What are the implications of the home's age (1909)?
A 117-year-old home has undeniable charm but requires diligent upkeep. Prospective buyers should budget for potential updates to older mechanical systems (plumbing, wiring) and ensure the structure and foundation have been well-maintained, despite the basement renovation.
5. How does this home compare to others on the street?
The data shows it has more living space than the average home on Union Avenue W, but on a smaller lot. Its last sale price ranked around the middle of the pack for the street, suggesting it is priced in line with the immediate local market rather than city-wide trends.