Property Overview: 349 Martin Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 349 Martin Avenue W in Chalmers presents a distinct profile. Its primary appeal lies in being a modern, low-maintenance entry point into the Winnipeg market. Built in 1989, it is a notably newer construction compared to most homes on its street and in the wider neighbourhood, which typically date back to the early 1900s. This suggests potentially fewer concerns with aging infrastructure and major systems.
The home is compact, with 713 sqft of living space and a renovated basement, suited for individuals, couples, or investors seeking an efficient layout. The lot size is also smaller than area averages, reducing yard upkeep. Its assessed value ranks above average for its immediate area, indicating it is viewed favorably within its local context. A key, less obvious perspective is that this property represents a trade-off: you gain a newer building but sacrifice the interior space and larger lot more common in the area. It would suit first-time buyers prioritizing modern build quality over square footage, downsizers looking for minimal maintenance, or investors seeking a relatively contemporary rental property in an established neighbourhood.
Section 2: Frequently Asked Questions
1. Is the property tax burden likely to be high?
While the assessed value is above average for its specific street and neighbourhood, it is below the city-wide average. Property taxes would likely be moderate relative to Winnipeg as a whole but may be higher than some older, smaller homes on the same block.
2. What does "renovated basement" imply for a bi-level?
In a bi-level, the basement is typically a walk-out or partially above-grade living space. A renovated basement here effectively adds usable living area, which is a significant advantage given the home's smaller main floor square footage.
3. How does the 2021 sale price of $230k relate to the current assessed value?
The assessed value is significantly lower than that recent sale price. This is not unusual, as municipal assessments for tax purposes often lag behind market sale prices and use different valuation models. It does not directly indicate the current market value.
4. With no garage, what are the parking options?
The listing indicates no garage. Buyers should verify on-site parking arrangements, such as a dedicated driveway or street permit requirements, which are common in older neighbourhoods.
5. The home is newer than most nearby, but is it larger?
No, that's the important distinction. While it's newer (1989 vs. ~1934 average), its living area is actually below the neighbourhood average. The appeal is in its age and condition, not its size.