Property Overview
This one-storey home at 246 Chalmers Avenue is a compact, post-war bungalow built in 1947. Its key feature is a renovated basement, adding valuable finished space to the 700 sqft main floor. The property sits on a 3,383 sqft lot with a detached garage. Its most recent sale was in January 2017 for $16,300, and it carries a current assessed value near the average for its immediate area.
The appeal here is primarily practical and positional. It represents an accessible entry point into the Chalmers neighbourhood, likely appealing to first-time buyers, investors, or those seeking a minimalist footprint. The renovated basement is a significant functional upgrade, offering flexibility for utilities, storage, or additional living space that the main floor lacks. While the living area is notably smaller than most homes in Winnipeg, this translates to lower utility costs and less maintenance. It suits a buyer comfortable with a cozy layout who values location and a move-in-ready basement over square footage. A thoughtful perspective is that this property’s value is less about the house itself and more about the land and the opportunity it presents—whether as a long-term hold in a stable area or a potential candidate for future expansion, given the lot size is quite workable for the neighbourhood.
Frequently Asked Questions
1. Is the house too small?
At 700 sqft of main floor living area, it is significantly smaller than the average Winnipeg home. However, the renovated basement effectively doubles the usable space, making it more functional than the square footage suggests. It’s ideal for a single person, a couple, or an investor.
2. How does the assessed value compare?
The assessed value of $22,100 is around the average for Chalmers Avenue and the broader Chalmers neighbourhood. This indicates the property is priced consistently within its local market context, not as an outlier.
3. What is the significance of the lot size?
At 3,383 sqft, the lot is below the city-wide average but is quite typical for the area. It provides a standard yard space for the neighbourhood and is sufficient for the detached garage and outdoor use. It is not an unusually small or large parcel for Chalmers.
4. What does the sale history indicate?
The 2017 sale price of $16,300 is a historical data point and reflects the market conditions of that time. The current assessed value being higher suggests a change in valuation, but the actual market value will be determined by current conditions, the renovated basement, and buyer demand.
5. Who would this property not suit?
It would likely not suit a growing family needing multiple bedrooms and ample main-floor living space, or buyers who prioritize modern, open-concept layouts. The smaller, compartmentalized floor plan is characteristic of its 1947 construction.