Property Overview: 267 Washington Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1949, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its solid, above-average positioning within its immediate area. The 1,088 sqft living area is notably larger than many neighbouring homes, offering more interior space than typical for the street and community. The property sits on a 3,002 sqft lot, which is a manageable size for low-maintenance outdoor space. A key feature is the renovated basement, adding valuable finished living area, and the home includes a detached garage.
The home’s assessed value is consistently above average for both Washington Avenue and the broader Chalmers area, suggesting it is a well-regarded property in its local context. A thoughtful perspective is that this property represents a "big fish in a small pond"—it offers more house and a higher perceived value relative to its direct neighbours, which can be advantageous for both livability and future resale within the community. It would suit first-time buyers, downsizers, or investors looking for a character home with modernized basics (the basement) in an established, no-frills neighbourhood. It’s for a buyer who prioritizes space and condition on their street over a newer build or a large city-wide lot comparison.
Frequently Asked Questions
1. How does this home compare to others nearby?
The data shows this home ranks above average for its street and neighbourhood in key categories: it’s newer than most, has more living space, and a higher assessed value. Compared to the entire city, however, the lot size and assessed value are below the Winnipeg average, which is typical for older, established neighbourhoods.
2. What does the "renovated basement" likely mean?
While specifics aren't listed, a renovated basement in a home of this era typically means it has been finished into a livable space, such as a family room, office, or additional bedrooms. It’s a significant value-add, increasing the functional square footage beyond the main living area.
3. Is the detached garage a plus or a minus?
This depends on preference. A detached garage offers flexibility (e.g., workshop potential) and can reduce noise from the house. However, it is less convenient than an attached garage, especially during Winnipeg winters.
4. The home sold for less than its assessed value in 2018. Why?
Sale price is determined by the market at the time of sale, while assessed value is for municipal tax purposes. The 2018 sale price likely reflected market conditions, specific property factors at that time, or the motivations of the buyer and seller. It does not directly predict current market value.
5. Who might this property not suit?
It may not suit buyers seeking a brand-new home, a very large yard, or a property that ranks above average in metrics across the entire city. It’s best for those focused on value and space within a specific, established community.