Property Overview: 386 Chalmers Avenue
Key Characteristics & Appeal
This one-storey home on Chalmers Avenue is defined by its generous, above-average lot size—over 4,200 sqft—which stands out as a key asset in both the immediate street and the broader neighbourhood. Built in 1958, it is a relatively newer home for the area, offering modern fundamentals compared to many neighbouring properties. The living space (898 sqft) is compact and typical for the locale, suggesting a home focused on efficiency. It features a detached garage and a basement that is present but not renovated, presenting a clean slate for future projects.
The primary appeal lies in its land and location. The sizable lot provides valuable outdoor space and potential for expansion, gardening, or recreation, which is increasingly rare in mature neighbourhoods. Its recent sale history shows steady value growth, and its assessed value is modest relative to the city-wide average, indicating a potentially accessible entry point into the market.
This property would best suit a practical buyer who values land over square footage. It’s ideal for a first-time homeowner comfortable with a home that may require personalization, or an investor looking for a property with solid fundamentals and lot value in an established community. It’s less suited for those seeking immediate move-in perfection or extensive finished space.
Frequently Asked Questions
Q: How does the lot size compare to others?
A: The land area of 4,291 sqft is in the top 20% for both Chalmers Avenue and the wider Chalmers neighbourhood, meaning it's significantly larger than many comparable local properties.
Q: Is the home newer or older than most in the area?
A: Built in 1958, it is notably newer than the average home on its street and in the neighbourhood, which often dates to the 1930s. This can be an advantage for systems and structure.
Q: What is the living space like?
A: At 898 sqft, the living area is average for the immediate area but below the city-wide average. This indicates a compact, efficient layout typical of many mid-century homes in mature neighbourhoods.
Q: Has the property's value been stable?
A: Sales data shows a sale at $230k in 2021 and $250k in 2022, demonstrating appreciation. Its assessed value remains modest compared to the Winnipeg average, which may reflect its smaller finished living area.
Q: What should I know about the basement and garage?
A: The home includes a detached garage and a basement. The listing specifically notes the basement is "not renovated," meaning it is unfinished space awaiting customization, which should be factored into renovation plans or budgets.