328 Tweed Avenue

Property Overview: 328 Tweed Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1920, presents a straightforward opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its position as a modest, entry-level property with a decently sized lot. At 2,754 sqft, the land area is notably larger than many city-wide properties, offering potential for outdoor space or future expansion relative to its footprint.

The home itself is compact at 879 sqft of living area and features an unrenovated basement and no garage. Its assessed value is significantly below the Winnipeg average, indicating a lower property tax burden and positioning it as an affordable option. This property would best suit a first-time buyer comfortable with a project, an investor looking for a land-value play, or someone seeking the absolute minimum entry point into the market. A thoughtful perspective is that its older vintage (1920) actually makes it one of the newer homes on its specific street, suggesting a settled, historic character to the immediate block. Its value is fundamentally in the land and location, not in the current finishes or amenities.

Section 2: Frequently Asked Questions

1. What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor with principal rooms and a second floor under sloping roof lines, often creating cozier bedrooms or spaces with reduced ceiling height in certain areas.

2. How should I interpret the property's rankings and assessed value?
The rankings show the home is generally average for its immediate street and neighbourhood in terms of size and value, but is well below Winnipeg-wide averages. The low assessed value of $17,900 primarily reflects the property's market position and results in correspondingly lower municipal taxes.

3. What is indicated by the sale history showing prices of $15,700 in 2016 and $7,600 in 2016?
Two sales in the same year, especially at different price points, often indicate a transfer of title not representative of an open market transaction, such as a family transfer or estate sale. They should not be used as direct indicators of current market value.

4. What are the main considerations regarding the basement and lack of garage?
The basement is noted as "not renovated," so buyers should budget for any desired improvements and anticipate potential moisture or insulation issues common to older foundations. The lack of a garage means relying on street parking, which should be verified for any restrictions or permit requirements.

5. Who might this property not be suitable for?
It is likely not a fit for those needing move-in-ready condition, multiple bedrooms, dedicated parking, or modern amenities. The compact living area and need for potential updates make it unsuitable for buyers unwilling to take on a project or who have growing space requirements.