Property Summary: 376 Martin Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, century-old one-and-a-half storey home in Winnipeg's Chalmers neighbourhood, built in 1909. Its key characteristic is its modest scale: with 911 sqft of living space on a 2,264 sqft lot, it is smaller than most comparable homes in the city. The property has an unfinished basement and no garage.
The primary appeal lies in its affordability and potential as an entry point into the market. With a historically low sale price and an assessed value significantly below the city average, it represents one of the most accessible listings available. Its lot size, while below average for the street, is still manageable. The home would suit a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist footprint without a large mortgage. A thoughtful perspective is that its smaller size and older vintage could mean lower utility costs and property taxes relative to larger, modern homes, appealing to those prioritizing financial flexibility over space.
Section 2: Frequently Asked Questions
1. Is the property in need of major renovation?
The listing notes the basement is "not renovated," and given the home's age (117 years), buyers should budget for updates and be prepared for potential maintenance items common to houses of this era.
2. How does the lot size impact potential?
At 2,264 sqft, the lot is smaller than most in the area. This limits expansion possibilities but also means less exterior maintenance. It's a practical choice for those not wanting extensive yard work.
3. What is the neighbourhood like?
The home is in Chalmers. Interested buyers should visit at different times to get a feel for the community, as neighbourhood character can vary street by street in established areas.
4. Why is the assessed value so much lower than the city average?
The low assessed value reflects the home's smaller size, age, and the market dynamics of its specific area compared to the wider Winnipeg average. It indicates a property positioned at a more affordable price point.
5. Are there comparable homes nearby?
The listing suggests nearby properties on Martin Avenue and Union Avenue with similar age, size, and value, indicating this is a pocket of historically affordable, character homes.