Property Overview: 359 Union Avenue W, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1919, presents a unique profile centered on efficient use of space. Its primary appeal lies in its generous living area of 1,261 sqft, which is notably larger than most comparable homes on its street and in the Chalmers neighbourhood. This makes it a standout for buyers seeking more interior room without a correspondingly large lot. The home sits on a modest 2,264 sqft lot, which is below average in size for the city but typical for its established area. A key feature is the renovated basement, adding valuable finished space. The property last sold in January 2021 for $21,200, with a current assessed value of $22,900.
This home would suit a practical, value-oriented buyer—perhaps a first-time homeowner or an investor—who prioritizes interior square footage and updates (like the basement) over a large yard. Its below-average citywide assessed value suggests an accessible entry point into the market. A thoughtful perspective is that the smaller lot translates to less exterior maintenance, which could be a significant advantage for those seeking a simpler lifestyle or looking to minimize upkeep costs and time.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish, rooms, or permits. A professional inspection is recommended to understand the quality, layout, and compliance of the renovation.
2. Is the assessed value the same as the market value?
No. The assessed value of $22,900 is for municipal tax purposes. The market value (what a buyer would pay) is determined by current market conditions and can be significantly higher, as suggested by the sale price from 2021 already nearing the current assessed value.
3. What are the implications of a smaller lot size?
The 2,264 sqft lot is manageable and low-maintenance but may limit expansion possibilities like large additions or pools. It also means homes are closer together, typical for the neighbourhood's character.
4. How does the age of the home (1919) affect it?
While the structure is over a century old, the renovated basement shows some updates. Buyers should budget for potential updates to other original systems, such as plumbing, electrical, or the roof, and consider the charm and solid construction typical of the era.
5. Are there any garage or parking facilities?
The listing specifies there is no garage. Buyers should investigate on-street parking regulations or the potential to create a dedicated parking pad on the property.