Property Overview: 385 Winterton Avenue, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Chalmers sits on a notably spacious lot (4,497 sq ft), which is larger than most in the immediate area and neighbourhood. Built in 1950, it is newer than many surrounding homes, offering a potential advantage in terms of foundational wear and updates. The living space is a practical 926 sq ft, and the home features a renovated basement and a detached garage. Its last sale was in 2019 for $250,000, with a current assessed value of $270,000.
The primary appeal lies in its land value and positioning within a mature neighbourhood. The lot size presents a significant opportunity for gardening, expansion, or simply enjoying more private outdoor space than is typical for the area. The renovated basement adds functional living space, making the home feel larger than its main-floor square footage suggests. It suits first-time buyers or downsizers looking for a manageable single-level layout with a low-maintenance footprint, but who still value a substantial yard. It also appeals to value-conscious buyers interested in a home that is newer than its local peers, potentially indicating fewer major age-related repairs in the near term.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value of $270,000 is a municipal valuation for tax purposes. The last sale was $250,000 in 2019. Market conditions, the home’s updated condition, and the desirable lot size will ultimately determine the sale price.
2. Is the larger lot a benefit for future expansion?
Potentially, yes. The lot is significantly larger than area averages, providing room for additions like an extension, a larger garage, or a deck. Always check with the City of Winnipeg regarding zoning bylaws and permit requirements.
3. What does "renovated basement" typically include in a home of this era?
While specifics require a viewing, in a 1950s home this often means updated flooring, drywall, and lighting to create a finished living, recreational, or utility space. It’s important to verify the quality of the renovation and ensure any moisture-proofing or foundational updates were addressed.
4. The home ranks "below average city-wide" for living area and value. Is this a concern?
Not necessarily. This reflects that the home is in an established, modest neighbourhood compared to newer suburban areas with larger, more expensive houses. For the Chalmers area, its assessed value is actually above average, suggesting it is a solid property within its local market context.
5. What are the implications of a detached garage?
A detached garage offers flexibility and can reduce noise or fumes from entering the house. However, it may be less convenient during Winnipeg winters compared to an attached garage. The condition, size, and potential to upgrade or wire the structure are worth considering.