Property Overview: 310 Chalmers Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1972, presents a distinct profile in the Winnipeg market. Its primary appeal lies in being a relatively modern structure within its historic neighbourhood context. While the land size is notably compact, the 1,170 sqft living area is above average for the immediate area, suggesting an efficient use of space. A key feature is the renovated basement, adding functional living area.
The property suits practical, value-conscious buyers. It’s ideal for a first-time homeowner seeking an entry point into the market with modernized essentials, or an investor looking at the long-term potential of a newer building on a smaller, manageable lot. Its assessed value sits significantly below the city average, indicating a lower property tax burden—a subtle but important financial advantage. The 2023 sale price of $28,500 strongly suggests this is a land-value play, making it suitable for someone comfortable with a renovation or rebuild project, rather than a move-in-ready home seeker.
Frequently Asked Questions
1. Is the house currently livable?
Given the very low recent sale price compared to its assessed value, it is highly likely the property requires significant repairs, or may even be a candidate for demolition and redevelopment. A professional inspection is essential.
2. What does "renovated basement" mean in this context?
The listing notes a renovated basement, but the overall property condition suggests this may be a relative term. It’s crucial to verify the scope, quality, and permits for this renovation.
3. Why is the land size important here?
At 2,533 sqft, the lot is small, even for the neighbourhood. This affects potential for expansions like additions or large decks, but can mean lower maintenance and may align with newer, more efficient infill development guidelines.
4. How can the assessed value be $220k but it sold for only $28.5k?
This large discrepancy typically indicates the assessed value reflects the potential value of the land with a viable structure, while the sale price reflects the current state of the existing building, which is likely in very poor condition.
5. Who would this property not suit?
It is not suitable for buyers seeking a turn-key home, those needing ample outdoor space, or anyone uncomfortable with a major renovation or construction project. It is a property bought for its potential, not its present condition.