Property Overview: 400 William Newton Avenue
Key Characteristics & Appeal
This one-storey home on a 3,560 sqft lot in Chalmers presents a practical opportunity. Built in 1941, its key feature is a renovated basement, adding valuable finished space to the modest 672 sqft main living area. The home includes a detached garage. Its appeal lies in its efficient use of space and its position as a relatively affordable entry point into the Winnipeg market. The lot size is notably larger than the city average, offering good outdoor potential for the neighbourhood.
The property is best suited for first-time buyers, downsizers, or investors seeking a straightforward, low-maintenance footprint. It’s a home for those who value a renovated basement for extra living space over a large main floor, and who appreciate a lot that is generous for the area. A thoughtful perspective is that while the living area is small by most comparisons, the renovated basement effectively doubles the usable space, making the overall package more functional than the main square footage suggests. Its assessed value is aligned with similar homes on the street, indicating a fair, stable valuation in its immediate context.
Frequently Asked Questions
1. Is the living space too small?
While the 672 sqft main floor is compact, the presence of a renovated basement significantly expands the usable living area, making the home more functional than the initial metric suggests.
2. How does the lot size compare?
At 3,560 sqft, the lot is larger than the average for both Winnipeg and the Chalmers neighbourhood, which is a notable advantage for outdoor space, gardening, or future expansion.
3. What does the "around average" ranking for the street mean?
For key metrics like assessed value and year built, this home sits in the middle range of properties on William Newton Avenue itself. This suggests it fits comfortably within the existing fabric of the street without being an outlier.
4. Who might this property not suit?
It may not suit buyers looking for a large, open-concept main floor or those requiring multiple bedrooms on a single level, given the smaller primary footprint.
5. What is the significance of the 2021 sale price?
The home sold for $210k in September 2021. This provides a recent market benchmark, showing a price point significantly higher than the current assessed value, which is typical as assessments are not direct market valuations.