Property Overview: 369 Bowman Avenue
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1913 on a standard city lot in the Chalmers neighbourhood. Its key characteristic is its modest scale, with a living area of 690 sq ft, which positions it well below average for the city. The lot size of 2,640 sq ft is typical for its immediate street but smaller than many city lots. There is no basement, pool, or garage.
The primary appeal lies in its affordability and simplicity, as reflected in its well-below-average assessed value. It represents a straightforward entry point into homeownership or a low-maintenance investment property. The home would suit a first-time buyer with a limited budget, an investor looking for a rental property with lower carrying costs, or someone seeking a minimal footprint. A less obvious perspective is that its pre-1914 construction may interest those curious about Winnipeg's early 20th-century housing, though this requires a willingness to manage the upkeep of an older structure. Its smaller size and lack of a basement could also appeal to individuals looking to downsize or who prefer single-level living without the hassle of maintaining unused space.
Section 2: Frequently Asked Questions
1. What is the most important thing to know about this property?
The home is notably compact (690 sq ft) and does not have a basement, which significantly impacts storage and living space. Any offer should be made with a clear understanding of how the layout and size fit your needs.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's smaller size, age, and lack of additional features like a garage or basement compared to the broader Winnipeg market. It is priced in line with similar, very modest homes in the area.
3. What are the implications of the "No Basement" designation?
All mechanical systems (furnace, water heater), utilities, and storage must be accommodated on the main floor. This can reduce living space and may require creative storage solutions. It's also a critical factor for home inspections.
4. How does the lot size compare, and what does that mean?
At 2,640 sq ft, the lot is around the average for Bowman Avenue but smaller than many lots across Winnipeg. This means outdoor space is limited but typical for the immediate block, potentially simplifying yard maintenance.
5. The home sold recently in 2021 and 2019. What does that indicate?
The recent sales activity suggests it is seen as a viable investment or entry-level property. The price increase between 2019 and 2021, while modest, shows it can maintain value in its category. This history also means potential buyers should inquire about the reason for the relatively quick turnover.