Property Overview
This renovated one-storey home on a generous lot presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its key appeal lies in the combination of a recently updated basement and a land size that is well above average for both the immediate street and the area, offering more outdoor space than most comparable properties. The house itself, built in 1947, is of a comfortable, typical size for the locale.
It would suit first-time buyers or downsizers looking for a manageable single-level layout with modernized essentials and room to garden or enjoy outdoors. Investors may also see value in the solid lot size and the fact that the property's assessed value ranks highly within its own community, suggesting a stable foundation relative to its peers. A less obvious point is that while the home's living space is average for Chalmers, its lot is in the top 5% on its street, meaning the property's potential is weighted more toward its land than its current footprint.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement has been renovated, but specifics on finish quality, legal compliance, and room types are not provided. This would be a key detail to clarify with the seller or agent.
2. How does the sale price compare to the assessed value?
The home recently sold for $270,000, which is significantly higher than its $25,300 assessed value. This is common, as assessed value for tax purposes often lags behind market value, especially after renovations and in active sales markets.
3. Is the detached garage in good condition?
The presence of a detached garage is noted, but its size, condition, and whether it has power or is insulated are not specified. This would be important for storage or workshop needs.
4. The lot is large, but how is it shaped and oriented?
With a lot size of 4,526 sq ft, the configuration (long vs. wide) and sun exposure are not detailed. These factors greatly influence gardening potential, privacy, and natural light in the home.
5. What is the neighbourhood character of this part of Union Avenue W?
The data shows the home's metrics are generally above average for Chalmers, suggesting a well-regarded pocket. Viewing the nearby properties listed can give a sense of the streetscape's consistency and upkeep.