Property Summary: 261 Midwinter Avenue
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2008, stands out in its Chalmers neighbourhood for its modern age. Its key feature is a renovated basement, adding valuable finished living space to the 1,374 sqft interior. The property includes a detached garage and sits on a 3,365 sqft lot.
The appeal here is one of relative modernity and smart updates in an area with many older homes. While the lot size is modest for the street, the living space is generous for the neighbourhood, and the recent renovation suggests move-in readiness. It suits buyers looking for a low-maintenance, contemporary home without a premium suburban price tag. It’s particularly well-matched for first-time buyers or downsizers who prioritize a modern, updated interior over a large yard, and who appreciate having a home that is newer than almost all others in the immediate vicinity.
A less obvious perspective is the value of its "above-average" status within Chalmers. For a buyer committed to this area, this property offers a way to get a newer, larger-than-typical home without paying the premium required in newer subdivisions citywide, as reflected in its below-average citywide assessed value.
Section 2: Frequently Asked Questions
1. How does the lot size impact the property?
While the yard is below average for the street, it is very close to the average for the Chalmers neighbourhood. This means lower outdoor maintenance while still providing private outdoor space, a practical trade-off for many.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. A prospective buyer should inquire about the finish quality, ceiling height, permits, and whether it includes a bedroom, bathroom, or secondary living area.
3. The home sold recently in 2023. What does that indicate?
The 2023 sale suggests a relatively quick turnover. Understanding the seller’s motivation and reviewing any changes made during that short ownership could provide useful context for the current listing.
4. How does the assessed value compare to the likely sale price?
Note that the provided assessed value ($28.7k) is likely just the land assessment portion, not the total property assessment. The recent 2023 sale price of $280k is a more relevant current market benchmark.
5. Is the detached garage a standard feature here?
In this older neighbourhood, a detached garage is common. Buyers should consider its condition, size, and the convenience of it being separate from the house, particularly during Winnipeg winters.