Property Overview: 351 Martin Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Chalmers presents a unique opportunity centered on its land and location. Built in 1958, it is a notably newer home compared to most on its street and in the immediate neighbourhood. The key feature is the 2,264 sqft lot, which offers below-average density for the area, providing more outdoor space than many surrounding properties. The home itself is compact at 648 sqft of living space, but it includes a renovated basement and a detached garage.
Its primary appeal lies in its value as a land play or a straightforward, manageable property. It suits a specific type of buyer: a first-time investor looking for a rental property with a relatively modern building foundation, a hands-on buyer planning a future expansion or rebuild who values the larger lot size, or someone seeking an affordable, low-maintenance footprint without sharing walls. The above-average assessed value for the street suggests the property is viewed favorably relative to its immediate peers, likely due to the newer build year and renovations.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes. With 648 sqft of living space, it is significantly smaller than the average home on its street, in Chalmers, and across Winnipeg. It is a compact, efficient layout.
2. Why is the assessed value higher than the neighbourhood average?
While the assessed value is below the Winnipeg city average, it ranks above average for both Martin Avenue W and the Chalmers neighbourhood. This is likely due to the home's more recent 1958 build year (newer than most nearby) and the renovated basement, which add value relative to older, unrenovated comparable properties.
3. What does the lot size mean for me?
At 2,264 sqft, the lot is larger than many on the same street. This means more private outdoor space than you might find with a typical infill property and potentially more flexibility for gardening, additions, or parking.
4. Who might this property not suit?
It may not suit a family needing multiple bedrooms or ample indoor living space, or a buyer seeking a move-in-ready home with modern, open-concept layouts, as the living area is quite compact.
5. How does the 2018 sale price relate to the current assessed value?
The property sold for $18,500 in March 2018. The current assessed value of $23,800 is higher, reflecting municipal valuation updates that account for market trends and the property's characteristics relative to others. It is not a direct indicator of current list or sale price.