Property Overview
This one-and-three-quarter storey home at 233 Bowman Avenue in Winnipeg's Chalmers neighbourhood presents a compact, no-frills opportunity. Built in 1913, its key appeal lies in its renovated basement and its position as a modest, entry-level property. The home sits on a 2,502 sqft lot and offers 924 sqft of living space, both figures that are very typical for its immediate street and area, meaning it fits right into the local streetscape. It last sold in 2017.
The data suggests its primary strength is affordability and manageability. With no garage or pool, it’s a straightforward property. Its assessed value is significantly below the Winnipeg city-wide average, indicating a lower tax burden and a accessible price point. It would suit a first-time buyer, an investor looking for a rental property, or someone seeking a modest, low-maintenance footprint. A thoughtful perspective is that while the home itself is average for the area, its renovated basement adds functional living space that many neighbouring homes may lack, offering immediate utility without a project.
Frequently Asked Questions
1. Is the lot size a pro or a con?
At 2,502 sqft, the lot is perfectly average for Bowman Avenue and Chalmers. It’s not expansive, but it provides a manageable yard without excessive upkeep, which can be a benefit for those wanting minimal outdoor maintenance.
2. How does the age of the home (1913) affect it?
While 113 years old, its build year is actually around the neighbourhood average. This means local trades are very familiar with homes of this era and style. Potential buyers should prioritize a thorough inspection focusing on updates to foundational systems like wiring and plumbing.
3. The assessed value seems very low. Why?
The assessed value ($19,400) is for municipal tax purposes and is not a market price. It is typical for homes of this size and type in this area. The last recorded sale was $16,500 in 2017. Market value would be determined by current conditions, but the low assessment suggests relatively lower property taxes.
4. Who would this property not suit?
It would not suit buyers looking for a large lot, modern open-concept layouts, garage parking, or space for a growing family. The living area is below the city-wide average.
5. What does the "renovated basement" likely mean for this home?
In a 924 sqft main-floor home, a renovated basement effectively doubles the usable living area. This is a significant functional advantage, potentially providing space for a family room, office, or additional bedroom that the main floor may not offer.