Property Overview: 383 Tweed Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1911, presents a compelling blend of classic charm and modern updates within Winnipeg's Chalmers neighbourhood. Its primary appeal lies in offering significantly more living space than most comparable homes in the immediate area, featuring 1,440 sqft of living area which ranks in the top 5% for its street and neighbourhood. The home sits on a standard city lot and includes a detached garage and a renovated basement, adding functional space.
The property suits first-time buyers or practical investors seeking a character home with room to grow, without the premium price tag of newer or fully modernized builds. A thoughtful perspective is its recent sale history; it sold for $230,000 in August 2024, a substantial increase from its 2022 sale price of $17,400, indicating active market interest and perceived value. While its assessed value is modest and below the citywide average, its sale price suggests buyers see value beyond the assessment, likely in its above-average living space and renovations. It’s a home for someone who values interior space and updates over a large lot or a newer build date.
Section 2: Frequently Asked Questions
1. How does the living space compare to nearby homes?
This home’s 1,440 sqft of living area is exceptionally large for the Chalmers area, ranking in the top 5% of both its street and the wider neighbourhood. It offers roughly 50% more space than the local average for comparable homes.
2. What does the recent sale price tell us?
The home sold for $230,000 in August 2024, a significant increase from its $17,400 sale price in 2022. This recent transaction is a strong, current indicator of its market value, which is notably higher than its municipal assessed value.
3. Is the lot size a pro or a con?
The lot is approximately 2,762 sqft, which is around average for the street and neighbourhood but below average for Winnipeg overall. It provides standard outdoor space for the area but is not a large, sprawling yard.
4. What should I know about the home’s age?
Built in 1911, the home is older than most in the city. While it offers classic character, a prudent buyer would factor in potential maintenance or updates required for an older structure, even with a renovated basement.
5. How does it compare to the house next door?
The directly comparable neighbour at 380 Tweed Avenue is slightly newer (1918) and has less living space (1,116 sqft) with a lower assessed value. This highlights how 383 Tweed Avenue stands out in the immediate vicinity for its generous interior size.