Property Overview: 241 Bowman Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1972, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in offering above-average living space for its immediate area. With 1,176 sqft of living area, it ranks within the top 12% of similar homes on Bowman Avenue, providing more room than many neighbouring properties. The home also features a renovated basement, adding functional space.
The lot, at 2,772 sqft, is a comfortable size for the street and neighbourhood, though it is below the city-wide average. This could be seen as a benefit for those seeking lower maintenance. The home’s assessed value is significantly below the Winnipeg average, positioning it as an accessible entry point into the market. It would suit first-time buyers or practical investors looking for a home that offers more interior space than is typical for the price point in this specific locale. A thoughtful perspective is that its above-average rankings on its own street for both size and newer construction date suggest it is a relatively substantial and modern property within its immediate context, which isn't always the case for homes at this value tier.
Frequently Asked Questions
1. What is the parking situation?
The listing indicates there is no garage. Buyers should inquire about on-street parking permits or the potential to add a driveway or parking pad, subject to local bylaws.
2. How updated is the home?
We know the basement has been renovated. The condition of major systems (roof, wiring, plumbing, windows) and the main living areas should be verified through a professional inspection.
3. Why is the sale price from 2022 so much lower than the assessed value?
The 2022 sale price of $25,500 is notably low and may have been for a specific circumstance (e.g., a transfer between family members). The current assessed value of $210k is a more relevant indicator for market comparison.
4. Is the land size a drawback?
While the lot is below the city-wide average, it is actually around the average for both Bowman Avenue and the Chalmers area. It may be perfectly sufficient for many buyers and contributes to the home's affordability.
5. What does the "above-average" ranking for year built mean?
Built in 1972, this home is newer than most comparable homes on its street and in the Chalmers neighbourhood. This can sometimes correlate with updates in construction materials and home layout trends from that era.