Property Overview & Appeal
This one-storey home at 374 Washington Avenue in Winnipeg's Chalmers neighbourhood presents a practical and value-conscious opportunity. Its key characteristic is a renovated basement, adding valuable finished space to the 1,002 sqft main living area. The lot is a manageable 2,950 sqft with a detached garage. Built in 1964, the home is notably newer than most on its street and in the immediate area, which can suggest more modern construction fundamentals compared to its century-old neighbours.
The appeal lies in its move-in readiness with a finished lower level and its strong positional value within its local context. While its size and value are below Winnipeg city-wide averages, they are average or above-average for Washington Avenue and Chalmers. This makes it a financially accessible entry point into a mature neighbourhood. It would suit first-time buyers or practical downsizers looking for a low-maintenance, single-level layout with updated living space, without the premium price of a newer subdivision home. A thoughtful perspective is that this property offers modern convenience (the renovated basement) within an established community fabric, appealing to those who prioritize function and location over sheer size.
Frequently Asked Questions
1. How does the property's value compare to the area?
The home's assessed value is above average for both Washington Avenue and the broader Chalmers neighbourhood, but below the Winnipeg city-wide average. This indicates it is a competitively priced property within its specific, established community.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent, as it determines whether the space is a casual rec room, a proper living area, or includes additional bedrooms.
3. Is the lot size a disadvantage?
At 2,950 sqft, the lot is smaller than the city average but fairly typical for the street and area. This translates to less yard maintenance, which can be a benefit for buyers seeking a low-maintenance property, though it offers less private outdoor space.
4. The home is newer than many nearby. What are the implications?
Built in 1964, the home is decades newer than many neighbouring houses built in the 1920s-30s. This can potentially mean fewer issues with extremely aged plumbing, electrical, or foundations, though a full inspection is still essential.
5. What is the neighbourhood character like?
The proximity of very similar homes on Washington Avenue suggests a consistent, established streetscape. The "For Reference" and "Worth Viewing" comparable listings indicate a mix of older character homes and some new infill development in Chalmers, showing a neighbourhood in a steady state of renewal.