Property Overview: 248 Gordon Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 248 Gordon Avenue presents a distinct profile. Its primary appeal lies in being a modern structure in a neighbourhood of older homes. Built in 2016, it is newer than 97% of homes in the Chalmers area, offering move-in readiness and contemporary building standards without the premium of a brand-new build. The property includes a detached garage and a full, unrenovated basement, providing functional space and storage.
The land size (2,502 sqft) is modest for the city but typical for the immediate street, suggesting a lower-maintenance yard. With 929 sqft of living space, the home is compact, suited for efficient living rather than sprawling family life. Historically, it has consistently sold above the average price for its immediate street, indicating a perceived value in its newness within this specific location.
This property would best suit a first-time buyer, downsizer, or investor seeking a modern, low-maintenance home in an established neighbourhood. It’s for someone who prioritizes a newer build over square footage or a large lot. A thoughtful perspective is that this home offers a way to live in a mature area without inheriting the repair and renovation projects common with older houses, though the smaller living space requires thoughtful organization.
Section 2: Frequently Asked Questions
1. Is this a good investment property?
Based on sales history, the property has shown steady appreciation in its immediate context. Its modern build could appeal to tenants seeking a worry-free rental, but the smaller living area may limit the rental demographic compared to larger units.
2. Why is the assessed value relatively low?
The assessed value reflects its compact size and modest lot relative to the wider Winnipeg market. It’s important to note that its value ranks above average for its own street and neighbourhood, highlighting that its new construction is a significant asset in this specific area.
3. What are the implications of an unrenovated basement?
The full basement presents potential for future expansion (subject to permits and codes) but requires a budget for finishing. It currently offers ample storage or utility space as-is.
4. How does the lot size impact living here?
The lot is smaller than the city average, which means less yard upkeep—a plus for those seeking low maintenance. However, it allows less room for large-scale outdoor additions like decks or pools.
5. The home sold recently in 2022. Why is it back on the market?
While the specific reason isn’t provided, the relatively quick turnaround could be due to many common life changes (relocation, change in circumstance) rather than a reflection on the property itself, especially given its recent construction and consistent sale price growth.