Property Overview: 309 Martin Avenue W, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Chalmers presents a unique opportunity centered on its land and value. Built in 1907, it is a character home with a recently renovated basement. The key feature is its 4,164 sqft lot, which is notably larger than most in the immediate area and neighbourhood, ranking in the top 13% on its street. This generous outdoor space offers potential for gardening, expansion, or simply more privacy than typical inner-city lots. With a living area of 1,052 sqft, the home itself provides comfortable, above-average space for the local context.
Its primary appeal lies in its value proposition. The home sells at a price point significantly below the Winnipeg city average, making it an accessible entry into homeownership. It would suit a practical, value-conscious buyer—perhaps a first-time purchaser, an investor, or someone seeking a character home with a large yard without a premium price tag. The renovated basement adds functional living space, appealing to those needing flexibility for a suite, family room, or workshop. A thoughtful perspective is that this property represents a chance to own a substantial piece of land in the city, where the value is anchored more in the property's potential and lot size than in a modern structure.
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, legal compliance, and moisture control should be verified through a viewing and inspection.
2. How does the age of the home (1907) affect it?
While offering character, a home of this age will likely have older building systems. Prospective buyers should budget for potential updates to wiring, plumbing, and insulation, and prioritize a thorough inspection.
3. The assessed value is much lower than the sale price. Why?
The $20,600 assessed value is for municipal tax purposes and is not a market valuation. The sale price reflects current market conditions, the renovated basement, and the desirable lot size.
4. Is the detached garage included?
Yes, the property includes a detached garage, which provides valuable storage or workshop space separate from the house.
5. How does this lot size compare practically?
At over 4,100 sqft, the lot is about 30% larger than the average lot in Chalmers. This translates to a noticeably more spacious backyard, providing room for additions like a large deck, shed, or play area that might not be possible on a standard lot.