Property Overview
This one-and-a-half storey home, built in 1914, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its key appeal lies in its value proposition: a modestly sized house (783 sq ft of living space) on a standard city lot (just under 3,000 sq ft), with a detached garage and an unfinished basement. The home sold recently for $200,000, aligning closely with its assessed value and positioning it as one of the more accessible entry points into homeownership in the city. While its living space and lot size are below the Winnipeg average, they are more typical for the immediate area, suggesting it fits the established character of Washington Avenue.
The property would suit first-time buyers or practical investors looking for a straightforward, lower-maintenance footprint without a major renovation project. Its unfinished basement offers flexible storage or future development potential. A thoughtful perspective is that while the home ranks below average city-wide on many metrics, its value is in its relative affordability and neighbourhood context—it’s a home that meets basic needs without the premium of a larger, modernized property.
Frequently Asked Questions
1. How does this home compare to others on the street?
The data shows it is quite representative of Washington Avenue. Its lot size and living area are slightly below the street's average, but its assessed and sale values are around the average for the immediate area.
2. Is the basement usable?
The basement exists but is noted as "not renovated." It is unfinished, meaning it's suitable for storage or mechanicals but would require significant investment to convert into living space.
3. What is the significance of the "below average" city-wide rankings?
This primarily indicates the home is smaller and on a smaller lot than the Winnipeg average, which includes many newer suburban developments. Within its own Chalmers neighbourhood, however, it is much closer to the average, reflecting the area's older, more established housing stock.
4. Are there comparable nearby properties?
The listing references 311 Ottawa Avenue as a close comparison, with a nearly identical living area (782 sq ft) and a similar assessed value. This supports the pricing as consistent for similar homes in Chalmers.
5. What might be a less obvious consideration for a buyer?
The home's age (112 years) means potential buyers should prioritize a thorough inspection for foundational integrity, wiring, and plumbing. Conversely, its established lot and mature neighbourhood often mean more predictable property taxes and settled streetscapes compared to rapidly developing areas.