Property Overview & Key Characteristics
This one-and-three-quarter storey home, built in 1924, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its generous living space of 1,188 sq ft, which is notably above average for both its immediate street and the broader area. The property sits on a 2,502 sq ft lot, offering standard outdoor space for the location. Key features include a basement (not renovated) and no garage.
The home suits buyers looking for solid interior space in a classic build, particularly first-time homeowners or investors comfortable with a property that requires updates. Its assessed value is modest and in line with local averages, suggesting an accessible entry point. A thoughtful perspective is that while the home is older, its living area outperforms many peers, offering more room than typical for the price point in this locale. The unrenovated basement represents both a cost consideration and a blank canvas for future customization.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean for this home?
This style typically features a full main floor and a second floor where the roofline slopes into the walls, creating some rooms with reduced ceiling height. It's a classic Winnipeg design that maximizes space efficiently.
2. How does the lot size compare to others?
At 2,502 sq ft, the lot is around the average size for Bowman Avenue itself but is below the average for both the wider Chalmers area and the city overall. This is typical for older, established neighbourhoods.
3. The assessed value seems low. What does this indicate?
The assessed value is for municipal tax purposes and is not market value. Its low figure relative to the city-wide average is consistent with the Chalmers area and reflects factors like the home's age, condition, and local market trends rather than a direct sale price.
4. What should I consider about the unrenovated basement?
An unrenovated basement means the space is functional but in its original or utility state. It provides storage and mechanical space but would require investment to finish as living area. It's crucial to have it inspected for moisture, insulation, and foundational integrity.
5. How does the living area compare to nearby homes?
This is a standout feature. With 1,188 sq ft of living area, the home offers more interior space than approximately 90% of comparable homes on its street and over 80% in the Chalmers neighbourhood, making it relatively spacious for its type and location.