246 Washington Avenue

Property Overview: 246 Washington Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on Washington Avenue in Chalmers is a property defined by its land and location more than its structure. Built in 1921, the 640 sqft house sits on a 2,960 sqft lot. Key features include a detached garage and an unrenovated basement. The home’s primary appeal lies in its value as a land play or a foundational project. Its assessed and recent sale values are significantly below the Winnipeg city average, presenting a lower financial barrier to entry.

The property would suit specific buyer types: first-time buyers or investors looking for a manageable footprint to renovate to their own tastes, or those primarily interested in securing a lot in a established neighbourhood. Its below-average living area makes it less suitable for those needing immediate, spacious move-in conditions without significant work. A thoughtful perspective is that this home represents a "blank canvas" in a neighbourhood of mostly older, average-sized lots, offering potential for expansion or redevelopment subject to local bylaws, which is a less obvious opportunity compared to simply viewing it as a small, dated house.

Section 2: Frequently Asked Questions

1. Is the house livable in its current state?
While livable, it requires consideration. The basement is noted as unrenovated, and the overall living space is compact. Buyers should budget for updates and be prepared for a project.

2. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's specific characteristics: a smaller, older home on a modestly-sized lot for the city. It is much more in line with average values for the immediate street and Chalmers neighbourhood.

3. What are the possibilities for the basement and house expansion?
The existing basement offers potential for additional living space, subject to renovation. The lot size, while below the massive city average, is typical for the area and may allow for certain additions or improvements, though any major expansion would require investigation into zoning regulations.

4. How does this property compare to others on the street?
The home has a smaller living area and slightly smaller lot than the average on Washington Avenue. However, its age and assessed value are generally around the street's average, indicating it fits the profile of the block.

5. What is the neighbourhood like?
Located in Chalmers, it is a mature, established neighbourhood. The property metrics show it sits in the middle range for the area in terms of year built, lot size, and value, suggesting a stable, typical setting for this part of Winnipeg.