Property Overview
This one-and-three-quarter storey home, built in 1913, presents a unique profile. Its key appeal lies in its generous 1,432 sqft of living space, which is notably larger than most homes on its street and in the Chalmers neighbourhood. The property sits on a standard 3,298 sqft lot and features a basement that has not been renovated. There is no garage or pool. The home last sold in December 2019 for $23,800 and has a current assessed value of $25,700.
This property would suit a specific type of buyer. It’s ideal for a hands-on purchaser looking for a character home with solid "bones" and above-average interior space relative to the area, who is prepared to take on updates over time. It may also appeal to an investor seeking an entry-point property in Winnipeg, given its low assessed value and sale price compared to city-wide averages. The unrenovated basement and age of the home mean its appeal is grounded in potential and square footage rather than modern finishes.
Frequently Asked Questions
1. What does "one & 3/4 storey" mean?
This is a common Winnipeg architectural style. It typically means the home has a full main floor and a second floor where the roofline slopes inward, making the upstairs rooms have slightly sloped ceilings or reduced square footage compared to the main floor.
2. The sale price and assessed value seem very low. Is this accurate?
Yes, based on the provided data. This indicates the home is in a market segment with very accessible pricing, especially when compared to Winnipeg's city-wide average assessed value of $390k. It reflects the home's age, condition, and the local neighbourhood market.
3. How does the living area compare to nearby homes?
Its living area is a standout feature. It ranks in the top 5% on Larsen Avenue and the top 6% in Chalmers, meaning it offers significantly more interior space than most comparable properties nearby.
4. What should I consider about the 1913 build date?
While it adds character, it necessitates careful inspection for aging components like wiring, plumbing, and the foundation. The "below average" ranking for year built on its street suggests many neighbours' homes are newer, which could be a factor for future resale or insurance.
5. What is the potential here for a buyer?
The potential is in the spacious layout on a standard lot. A buyer could gradually modernize the home while benefiting from ample room. The low purchase barrier allows for budget to be allocated to renovations rather than the initial purchase price.