Property Overview
This one-and-a-half storey home, built in 1950, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its key appeal lies in its relative size and updated condition compared to many nearby homes. With 1,080 sqft of living space, it is notably larger than the average for both its street and local area. The property sits on a 4,197 sqft lot, which is above average for the immediate vicinity, offering decent outdoor space. A significant feature is the renovated basement, adding functional living area. The home includes a detached garage.
Its strongest suit is value within its specific context. While its assessed value is below the Winnipeg citywide average, it ranks above average for Chalmers and Winterton Avenue, suggesting you get more house for your dollar here than in many other parts of the city. It would suit a first-time buyer, an investor, or someone seeking a manageable, updated home in a established neighbourhood without a premium price tag. A thoughtful perspective is that a 1950 build is relatively newer for the area, potentially meaning fewer issues common in much older homes, while the renovated basement adds immediate utility without the need for a major project.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks above the street average in all provided metrics: it's on a larger lot, is newer, has more living space, and has a higher assessed value than most comparable homes on Winterton Avenue.
2. Is the assessed value a reliable indicator of the sale price?
The last known sale was in 2016 for $23,900, while the current assessed value is $25,600. Market conditions have changed significantly since 2016, so the assessed value is a municipal benchmark for taxes, not a guaranteed sale price. A current market evaluation is essential.
3. What does "above average for the neighbourhood but below average citywide" mean for value?
This pattern suggests the home is a strong contender within Chalmers, offering good relative size and condition. The below-average citywide assessment primarily reflects the neighbourhood's overall affordability compared to Winnipeg as a whole, not necessarily the quality of this specific property.
4. The living area is 1,080 sqft. Is that including the renovated basement?
Typically, municipal living area (sqft) calculations do not include basement space, even if finished. The 1,080 sqft likely refers to above-grade living space. The renovated basement is an additional bonus area.
5. The home was built in 1950. What should I consider?
While newer than many homes in the area (ranking in the top 25% for year built in Chalmers), a 74-year-old home will still require attention to aging components like plumbing, electrical, the roof, and windows. A thorough inspection is crucial.