Property Overview & Key Characteristics
This one-and-three-quarter storey home, built in 1910, presents a unique opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its value proposition and potential. With a modest 972 sqft of living space, it is notably larger than many comparable homes on its street and in the immediate area. The property sits on a 2,264 sqft lot, which is smaller than average but typical for the locale. A key feature is the existing, unrenovated basement, offering foundational space for future expansion or storage.
The home suits practical, value-oriented buyers. It’s ideal for a first-time homeowner comfortable with a property that requires updates, or an investor looking for a land-value play in an established neighbourhood. Its below-average assessed value and recent sale history suggest an accessible entry point. A less obvious perspective is that its older vintage (1910) and classic style may hold specific charm for buyers interested in the character of early 20th-century Winnipeg, even if modernization is needed.
Frequently Asked Questions
1. What does "one & 3/4 storey" mean?
This typically describes a home with a full main floor and a second floor where the rooms are built into the roof space, often featuring sloped ceilings and dormer windows. It’s a common architectural style for homes of this era.
2. The assessed value seems very low. Why is that?
The assessed value is for taxation purposes and is often significantly lower than market value, especially for older homes. It should not be used as a direct indicator of listing or sale price, which is influenced by current market conditions, property condition, and location.
3. Is the small lot size a major drawback?
While the lot is below the city-wide average, it is actually quite standard for the Harbison Avenue streetscape and the Chalmers area. This can be an advantage for those seeking lower maintenance outdoor space without the upkeep of a larger yard.
4. What should I expect with an unrenovated basement?
This indicates the basement is in original or functional condition but has not been modernized. It likely has foundational utility (furnace, laundry, storage) but may have older finishes, lower ceilings, and would require significant work to be converted into finished living space.
5. How does the living area compare to nearby homes?
The living area is a relative strength. At 972 sqft, it ranks above the average for similar homes on Harbison Avenue (908 sqft) and is on par with the neighbourhood average. This means you get more interior space than many direct comparables in the vicinity.