Property Overview & Appeal
This one-storey home at 388 Winterton Avenue in Winnipeg's Chalmers neighbourhood presents a practical opportunity with specific strengths. Its key characteristic is the generous 4,497 sqft lot, which is notably larger than most in the immediate area and ranks within the top 13% on its street. The home itself is a modest 825 sqft bungalow built in 1950 and features a renovated basement and a detached garage.
The primary appeal lies in its land value and location context. The lot size offers clear potential for expansion, gardening, or outdoor living—a relative rarity for the area. While the living space is compact, the renovated basement adds functional square footage. It suits a first-time buyer, an investor, or a downsizer looking for a manageable home with a premium lot size in a well-established neighbourhood, without the upkeep of a larger house. A thoughtful perspective is that a home of this era on a larger lot may offer simpler renovation possibilities compared to newer, more densely packed subdivisions.
Frequently Asked Questions
1. Is the lot size a significant advantage?
Yes. The property's land area is substantially above average for both Winterton Avenue and the broader Chalmers neighbourhood, offering more private outdoor space than most comparable homes.
2. What does the assessed value indicate?
The assessed value is above average for the street and neighbourhood, which often reflects the desirable lot size and the renovated basement. However, it is below the city-wide average, consistent with the home's smaller living area and neighbourhood pricing.
3. Who would this home be best for?
It would suit buyers prioritizing land over living space, such as those planning a future addition, wanting a large garden, or seeking a manageable single-level layout. Its scale also makes it a practical entry point into the market.
4. How does the living area compare?
At 825 sqft, the main floor living area is about average for Winterton Avenue but below the average for Winnipeg as a whole. The renovated basement provides additional functional space not reflected in the official living area metric.
5. What is the context of the 1950 build year?
Built in 1950, the home is newer than many on its street and in Chalmers. This suggests potentially updated core systems for its age compared to nearby heritage-era homes, though a full inspection is always recommended.