Property Overview: 343 Winterton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1914, presents a classic character property with practical updates. Its key feature is a renovated basement, adding valuable finished space to the 1,027 sqft living area. The home sits on a standard city lot of approximately 3,000 sqft and includes a detached garage.
The appeal lies in its balance of historic charm and modern livability, underscored by its strong value proposition. The living area is notably above average for its immediate street, offering more interior space than many neighbouring homes. While the assessed value is modest compared to the wider city, it is consistent with the local Chalmers neighbourhood, suggesting a competitively priced entry point into the market.
This property would suit a first-time buyer, an investor, or a downsizer looking for a manageable, no-fuss home with character in an established community. It’s for someone who values a renovated basement for extra living or utility space and appreciates a home that stands out on its block for its above-average interior size, without the premium price tag of newer or larger-lot properties citywide.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, ceiling height, moisture control, and permitted use (e.g., legal suite, recreation room) should be verified with the seller or a viewing.
2. How does the low assessed value affect property taxes?
A lower assessed value typically results in lower municipal property taxes, which is a financial advantage. However, buyers should confirm the current tax amount and understand that assessment is for taxation, not necessarily market value.
3. The home is over 110 years old. What should I be aware of?
While the basement is renovated, a home of this age may have original components like wiring, plumbing, or the foundation that require inspection. An older home can be solidly built, but a thorough pre-purchase inspection is essential.
4. The living area is above average for the street, but the lot is average. What does this mean?
This suggests the home makes efficient use of its footprint, potentially offering a better interior space-to-price ratio than neighbours. It may mean a smaller yard but a more spacious house, which is a trade-off worth considering based on your lifestyle.
5. The home last sold in 2017. Is that a concern?
Not inherently. A seven-year ownership period suggests stability. It’s an opportunity to ask what updates or maintenance the current owner has undertaken during their tenure, providing insight into the home’s recent history.