Property Overview
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1947, sits on a generous 4,087 sqft lot in the Chalmers neighbourhood. Its primary appeal lies in its above-average positioning within its immediate area. The living space (1,066 sqft) and lot size are notably larger than many neighbouring and area comparables, offering more room than typical for the locale. A key feature is the renovated basement, adding functional living space. The property includes a detached garage.
Its assessed value is modest, especially when compared to the city-wide average, suggesting a relatively accessible entry point into the market. The data indicates this home outperforms most of its direct peers on Ottawa Avenue and in Chalmers in terms of land size, living area, and year built, making it a standout in its specific context rather than the city as a whole.
This property would suit a practical buyer looking for value and space in a mature neighbourhood, such as a first-time homeowner, an investor, or someone seeking a home with a large yard and renovation potential, given its solid foundational metrics for the area.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks above average for Ottawa Avenue in key categories: its lot and living area are in the top 25%, and it's newer than about 70% of comparable homes on the street.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This would be a key detail to clarify with the seller or listing agent regarding the finish, permits, and intended use.
3. Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value for this home is significantly below the Winnipeg city average, reflecting its use for municipal taxation. The last known sale was in 2016 for $20,600. Market conditions and property improvements will determine the current listing and sale prices.
4. What are the implications of a 1947 build date?
While newer than many homes in Chalmers, a home of this age will likely have older components. The renovated basement is a positive update, but potential buyers should budget for standard maintenance associated with a mature home and consider inspections for systems like wiring and plumbing.
5. The lot is large for the area. What are the possibilities?
The 4,087 sqft lot is in the top quarter for size locally. This allows for more private outdoor space, gardening, or potential for additions like a shed or deck. It's a significant advantage over tighter lots commonly found in established neighbourhoods.