Property Overview
This 1953 one-storey home at 268 Ottawa Avenue in Winnipeg's Chalmers neighbourhood presents a practical opportunity. Its key appeal lies in a renovated basement and a detached garage, adding functional space to a modest 723 sqft living area. The lot size is a notable asset, offering above-average outdoor space for the local area at just over 3,000 sqft. With an assessed value significantly below the city average, it positions itself as an accessible entry point into the market.
The home suits first-time buyers or investors looking for a solid, no-frills property with room to grow. Its above-average year of build for the street suggests potentially fewer immediate concerns than some older neighbours. The value is grounded in its land and core structure, making it a candidate for those comfortable with a home that offers basics rather than modern finishes, or for a buyer viewing it as a long-term hold in a stable area.
Frequently Asked Questions
1. How does the home's size compare to others?
The living space is compact, below the average for both the Chalmers neighbourhood and Winnipeg overall. However, the renovated basement and detached garage provide valuable additional functional space.
2. Is the assessed value a reliable indicator of the likely sale price?
The current assessed value is notably low. It's essential to review recent sale prices of similar homes in Chalmers, as market conditions can differ significantly from the assessed value, which is for tax purposes.
3. What does the "above average" year built mean for a 1953 home?
On Ottawa Avenue and in Chalmers, many homes are older. Being built in 1953 means it is newer than many direct neighbours, which can sometimes correlate with updates to foundational building materials and standards.
4. Who might this property not suit?
It may not suit buyers seeking move-in-ready modern amenities or larger above-ground living areas. The appeal is more for those who value the potential of the lot and basement, or who have a renovation plan.
5. How does the land size impact its value?
The lot is a strong point locally. For the right buyer, this offers valuable outdoor space, garden potential, or future expansion possibilities that are less common on similarly priced lots in other city areas.