Property Overview: 268 Talbot Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its generous 7,511 sqft lot, which places it in the top tier for land size both on its street and in the Chalmers neighbourhood. The house itself is a one-and-three-quarter storey character home built in 1907, offering 1,312 sqft of living space—more than many comparable local properties. It features a renovated basement and a detached garage.
The primary appeal lies in its rare combination of a large, private lot within the city and a historic home with updated essentials. It suits a specific buyer: someone seeking space for gardens, play, or future additions who values character over modern open-concept layouts. It’s a property for a hands-on owner who appreciates the stability and story of a century-old home and is less concerned with newer construction. The assessed value is notably lower than the Winnipeg city average, which can indicate a different property tax outlook compared to newer subdivisions.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, moisture control, and legal compliance (e.g., proper egress) should be verified with the seller or during a viewing.
2. How does the low assessed value affect property taxes?
While the assessed value is significantly below the Winnipeg average, property taxes are based on the mill rate applied to this assessment. It typically suggests lower-than-average taxes, but buyers should confirm the current annual tax amount.
3. What are the implications of a 1907 build date?
This age brings character but also requires diligent inspection for foundational integrity, historical wiring or plumbing updates, insulation, and overall maintenance. It also may qualify for heritage-related considerations or restrictions.
4. The lot is large, but how is it shaped and positioned?
A 7,511 sqft lot is a major asset, but its usability depends on its dimensions (wide vs. deep), orientation for sun, and any easements or rights-of-way. A survey would clarify this.
5. Why is the sale price higher than the assessed value?
Assessed value is for municipal taxation and often lags behind the market. The sale price reflects current demand, the unique lot size, renovations, and market conditions, which buyers have deemed worth a premium over the official assessment.