Property Overview & Key Characteristics
This one-storey home at 361 Winterton Avenue in Winnipeg's Chalmers neighbourhood presents a unique value proposition centred on land and location. Its primary appeal lies in its generous 4,497 sqft lot, which is significantly larger than most in the immediate area and ranks within the top 13% on its street. The home itself is a modest 832 sqft bungalow built in 1950 and features a renovated basement and a detached garage. While the living space is compact, the property’s assessed value is notably above average for its local context, suggesting a well-maintained asset in a stable, established community.
The property would best suit a pragmatic buyer—perhaps a first-time homeowner, an investor, or someone looking to downsize—who prioritizes land potential over square footage. Its appeal is less about the current footprint and more about the possibilities the large lot affords, whether for gardening, expansion, or simply enjoying more private outdoor space than is typical. It’s a home for someone who sees value in a solid, no-frills structure on a desirable piece of land in a neighbourhood where properties are often older and on smaller lots.
Frequently Asked Questions
1. Is the large lot size a common feature in this area?
No, it is not. The lot is a standout feature, ranking in the top 17% within the broader Chalmers neighbourhood. Many nearby properties sit on smaller, more standard-sized lots.
2. What does the "above average" assessed value for the street indicate?
While the city-wide assessed value is below average, its above-average ranking locally suggests the property is in better condition or has more desirable attributes than many of its immediate neighbours, as assessed for municipal tax purposes.
3. The home is described as compact. How does the living area compare?
At 832 sqft, the main floor living area is slightly below the average for the street. However, the renovated basement provides additional functional space, effectively increasing the usable square footage.
4. What is the significance of the home's 1950 build year in this context?
Built in 1950, this home is newer than many on Winterton Avenue and in Chalmers, where average build years are 1938 and 1934, respectively. This may imply updates to core systems or a construction style that requires somewhat less maintenance than older heritage properties.
5. Who might this property not be suitable for?
It may not suit buyers seeking a modern, move-in-ready home with ample interior space or open-concept living. The value here is grounded in the land and location, appealing to those comfortable with a home that may require personalization or who view the structure as a solid foundation on a premium lot.