Property Overview
This one-storey home on Ottawa Avenue in Chalmers is a practical property that balances modest size with a generous lot. Built in 1931, its key feature is a renovated basement, adding valuable finished space to the 752 sqft main floor. The home sits on a 3,001 sqft lot, which is typical for the immediate street but offers more yard space than many city properties. With a detached garage and no pool, it presents a low-maintenance profile. Its appeal lies in being a straightforward, updated starter home in an established neighbourhood, with a lot size that feels roomy compared to newer subdivisions. It would suit first-time buyers, downsizers looking for single-level living without a condo fee, or investors seeking a manageable rental property. A thoughtful perspective is that while the living area is compact, the renovated basement and above-average lot for the city create a flexible footprint for future expansion or outdoor living, something not always available in this price segment.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal, separate suite. Buyers should verify its compliance with local regulations if considering rental income.
2. How does the assessed value relate to the likely sale price?
The assessed value is significantly lower than recent city-wide sale averages. In Winnipeg, assessed value for tax purposes is often much lower than market value; the sale price will be determined by current market conditions.
3. What does the "below average" sale price ranking mean?
The home last sold in 2020 for $13,400, which is ranked below average for the area. This primarily reflects the home's smaller size and older age compared to neighbourhood averages, not necessarily its condition or value today.
4. What are the implications of the detached garage?
A detached garage offers flexibility for storage or a workshop but means navigating outdoors in Winnipeg winters. It may also present future potential for the lot, but any significant changes would require checking zoning bylaws.
5. The home is older—what should I check?
While the basement is renovated, a 1931 home will have an older core. Special attention should be paid to the foundation, roof, wiring, and plumbing during an inspection to understand any needed updates beyond the recent renovation.