Property Overview & Key Characteristics
This one-and-a-half storey home, built in 1913, is a compact and historically grounded property on a standard city lot in Chalmers. Its primary appeal lies in its position as an affordable entry point into the Winnipeg market, particularly suited for a first-time buyer, an investor, or someone seeking a minimalist footprint. The 732 sqft living area is notably modest, ranking below average for size both locally and citywide, which suggests a home focused on essentials rather than spaciousness. The unrenovated basement presents a blank canvas for future development.
A thoughtful perspective on this property is its statistical profile: while the home itself is smaller and older than many, its assessed value is remarkably consistent with the Chalmers neighbourhood average. This indicates you are paying primarily for the land and location within a community, with the house itself representing a manageable project or a functional starter space. It would suit a pragmatic buyer comfortable with a home that offers basic shelter and potential, rather than immediate move-in perfection. The last known sale was in 2016 for $150k, a price point that was considered well below average for Winnipeg at the time, highlighting its enduring role as a value-oriented option.
Frequently Asked Questions
1. What does "below average" for land area mean in this context?
The lot is 2,264 sqft, which is smaller than many in the immediate area and significantly smaller than the Winnipeg average. However, it is a standard city lot size, offering typical yard space for the neighbourhood without extensive maintenance.
2. Is the low assessed value a concern?
Not necessarily. The assessed value ($17.1k) is very close to the Chalmers neighbourhood average, aligning with many nearby homes. It reflects the city's valuation for tax purposes, which for older, modest homes in established areas is often a fraction of the market sale price.
3. What potential does the basement offer?
The listing specifies the basement exists but is "not renovated." This means it is likely unfinished raw space, usable for storage or mechanicals, but would require significant investment to be converted into legal living space.
4. How does the 1913 build date affect the home?
Built 113 years ago, the home is older than most in the city. Buyers should budget for and expect the maintenance needs characteristic of a century-old structure, such as potential updates to wiring, plumbing, and insulation. Its age is typical for its street and neighbourhood.
5. Who might this property not suit?
It is likely not a fit for those requiring multiple bedrooms, dedicated workspaces, or modern, open-concept layouts. The below-average living area indicates compact rooms. It also may not suit buyers unwilling to take on a home that may need incremental updates or who prefer a move-in-ready property with no projects.