Property Overview: 315 Chalmers Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This 1980-built bi-level home at 315 Chalmers Avenue presents a unique profile. Its primary appeal lies in its significant land value and modern build age relative to its immediate area. With a 3,445 sqft lot, the property offers above-average outdoor space for the Chalmers neighbourhood. The home itself is compact, with 600 sqft of living space, and features a renovated basement. There is no garage or pool.
The standout characteristic is the property's assessed value of $36.7k, which ranks in the top 2% for the street and neighbourhood, indicating a high perceived land value for the area. Combined with a build year that is much newer than most local comparables, this suggests a well-situated parcel with a modern foundation.
This property would best suit a value-oriented buyer or investor who prioritizes land potential and a newer structure over immediate living space. It could appeal to someone looking for a manageable footprint with renovation and expansion potential, or for whom the lot itself is the primary asset. The low maintenance of a smaller home and the desirability of a renovated basement are practical perks.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessed value, which ranks in the elite tier for the area, primarily reflects the value of the land and the home's relatively modern build year (1980) compared to many older neighbouring properties.
2. Is the living area of 600 sqft accurate for the whole home?
Yes, the listed living area is 600 sqft. This refers to the above-ground living space. The home is a bi-level with a renovated basement, which provides additional usable area not counted in the official living area square footage.
3. How does the lot size compare to others?
The 3,445 sqft lot is larger than the city-wide average but is generally around the average for the Chalmers neighbourhood itself, offering a decent-sized yard for the area.
4. What does the sale history indicate?
The property last sold in May 2016 for $30,500. The current assessed value of $36.7k suggests a significant increase in its official valuation since that last sale.
5. Who might this property not suit?
It may not be ideal for buyers seeking a move-in-ready home with ample above-ground space or those requiring a garage. The compact main floor area requires efficient use of space and the benefits of the finished basement.