Property Overview
This one-storey home on Winterton Avenue in Winnipeg's Chalmers neighbourhood presents a specific and practical opportunity. Built in 1927, its key characteristic is a renovated basement, adding valuable functional space to the 664 sqft main living area. The lot is a manageable 2,998 sqft, typical for the local street and area. Recent sale and assessed value data place it firmly in the affordable range for the city, well below Winnipeg's average.
Its appeal lies in its simplicity and potential as a straightforward, entry-level property or a low-maintenance investment. It suits first-time buyers seeking an affordable foothold in the market, or investors looking for a character home with a renovated basement for rental income. A thoughtful perspective is that while the home is modest in size city-wide, its proportions are quite normal for its established neighbourhood, offering a chance to live in a character area without the premium often attached to larger, updated heritage homes. The renovated basement is a significant asset, effectively expanding the liveable space in a home of this era.
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 secondary suite. A buyer should verify its status and compliance with local regulations with the municipality.
2. How does the living space compare to nearby homes?
At 664 sqft, the living area is below the average for both Winterton Avenue and the broader Chalmers area. This indicates a compact, efficient layout, which is reflected in its affordability.
3. What is the significance of the assessed value being so much lower than the city-wide average?
The assessed value (~$23.5k) is for taxation purposes and is not the market value. The dramatic difference from the city average ($390k) highlights the wide range of property values in Winnipeg and confirms this home's position in the more affordable segment of the market.
4. The home sold in 2019 for $19,400. What does that indicate?
This previous sale price, consistent with its current assessed value, strongly suggests the property has been valued as a land play or a fundamental fixer-upper. It underscores the importance of a thorough inspection to understand the home's condition and the scope of any prior renovations.
5. There's no garage. What are parking options?
The property has no garage. Buyers should confirm on-site driveway parking or the availability of on-street permits. This is a common feature in older neighbourhoods and contributes to the lower-maintenance lifestyle.