Property Overview
This bi-level home at 417 Martin Avenue W in Winnipeg's Chalmers neighbourhood presents a specific and practical value proposition. Built in 1991, it is a notably newer construction compared to most homes on its street and in the wider area. The property features a renovated basement and a detached garage. Its key appeal lies in its modern build year relative to its surroundings, offering potentially fewer immediate maintenance concerns than century-old neighbours, paired with a manageable 800 sqft living space. The lot size is modest for the city but typical for the local area.
This home would suit first-time buyers or downsizers seeking a move-in-ready, low-maintenance footprint in a mature neighbourhood. It’s also a pragmatic choice for value-focused investors or buyers who prioritize a newer mechanical and structural foundation over square footage, as the living space is compact.
Key Details & FAQs
Key Characteristics & Appeal
- Modern in a Mature Area: The 1991 build date is a standout feature, placing it in the top 5% newest homes on its street. This suggests updated building standards and likely newer major systems (roof, wiring, plumbing) compared to the neighbourhood's many pre-war homes.
- Move-In Ready Foundation: With a renovated basement, the home offers additional finished space and modern convenience without a pending project.
- Efficient & Manageable: The 800 sqft living area is compact, promoting lower utility costs and easier upkeep. The detached garage provides storage or workshop space separate from the house.
- Target Buyer: Ideal for practical first-time homeowners, downsizers, or investors looking for a newer, renovated property that balances modern comforts with neighbourhood character and a manageable scale.
Frequently Asked Questions
1. Is the lot size a limitation?
The land area is approximately 2,265 sqft, which is smaller than the Winnipeg average but typical for Chalmers and Martin Avenue W. It provides adequate outdoor space for a patio or small garden without demanding extensive yard work.
2. How does the assessed value relate to the last sale price?
The home was last sold in April 2016 for $190,000. Its current assessed value for tax purposes is $25,400. It's important to note that municipal assessed value is not a market appraisal; it is used for calculating property taxes and is typically significantly lower than actual market value.
3. What does "below average" for living area city-wide mean?
With 800 sqft of living area, this home is smaller than the Winnipeg average (which is over 1,300 sqft). This confirms it's a compact, efficient layout best suited for individuals, couples, or small families who prioritize simplicity and lower operating costs over spaciousness.
4. Why is the build year considered such a key feature here?
In a neighbourhood and on a street where most homes were built before 1935, a 1991 construction is a significant outlier. This newer build likely translates to better energy efficiency, modern floor plans, and deferred major maintenance timelines compared to nearby properties.
5. What is the context of the "comparable homes" listed?
The listed properties (e.g., 434 Harbison Avenue W) are provided as neighbourhood references based on data metrics, not necessarily as direct stylistic or condition comparisons. Many are much older (e.g., 1914) and have different assessed values, highlighting how this property's newer age is a distinct characteristic in Chalmers.