Property Overview
This one-and-a-half storey home, built in 1914, presents a straightforward opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its value proposition and space. With 1,192 sqft of living area, it offers significantly more interior room than most comparable homes on its street and in the immediate area. This is contrasted by a below-average assessed value, suggesting a lower property tax burden relative to the usable space provided. The lot, while smaller than area averages, is a manageable size. The home has a basement, but it is not renovated, and there is no garage or pool.
This property would suit a practical, value-conscious buyer. It's ideal for someone looking for maximum interior square footage on a budget, who sees potential in a home with original features and is prepared for maintenance or updates. It could also appeal to an investor seeking a rental property with a favorable assessed value, keeping holding costs lower.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is based on market value for taxation purposes and is influenced by many factors, including the home's condition, specific location, and recent sales in the area. A low assessment often correlates with lower property taxes, which can be a significant ongoing savings.
2. The living area is noted as "above average" for the street. What does that mean practically?
Most similar homes on Martin Avenue W have about 950 sqft of living space. This home has roughly 250 sqft more, which could translate to an extra bedroom, larger common rooms, or more functional layout compared to immediate neighbours.
3. What should I consider about a home built in 1914?
While the structure has proven its durability, a home of this age will likely have original systems and materials. Prospective buyers should budget for potential updates to wiring, plumbing, or insulation, and consider a thorough inspection to understand the condition of the foundation and structure.
4. The lot is smaller than average. Is that a disadvantage?
It depends on your priorities. A smaller lot (2,265 sqft) means less yard maintenance, which can be a benefit for those seeking a low-upkeep property. However, it may limit options for expansions, additions, or extensive outdoor living spaces.
5. There's no garage. How does parking work?
The property listing indicates no garage. Buyers should verify on-site parking options, such as a driveway or permitted street parking, to ensure it meets their needs, especially during Winnipeg winters.