Property Overview: 418 Winterton Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1929, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its key features include a renovated basement and a detached garage. With 954 sqft of living space, the home is notably efficient for its style, offering more room than many comparable houses on its street. The lot size of 2,997 sqft is manageable, suggesting lower maintenance while still providing outdoor space.
The primary appeal lies in its value proposition and move-in readiness, particularly due to the updated basement. It suits first-time buyers seeking an entry point into the market without a major renovation project, or investors looking for a stable, character property with modernized fundamentals. A thoughtful perspective is its relative "largeness" on a street of smaller homes, offering a sense of space within a modest footprint. Its average rankings for year built and value in the local area indicate a home that is typical for the established neighbourhood, representing a straightforward, grounded purchase without extreme outliers in cost or condition.
Frequently Asked Questions
1. What does "renovated basement" typically mean for a home of this era?
It usually indicates essential updates have been made, such as moisture control, insulation, electrical, and finished living areas. It’s a significant advantage, as basements in century-old homes often require substantial work.
2. How does the lot size impact future plans?
At just under 3,000 sqft, the lot is sufficient for a garden and patio but may have limitations for large additions or pools. It aligns with the neighbourhood scale and offers easier upkeep.
3. The assessed value seems low. What does this indicate?
The assessed value is for municipal tax purposes and is not market value. Its low figure relative to the city-wide average is typical for the Chalmers area and reflects the property tax base, not necessarily the home's sale price.
4. Is the living space adequate for a small family?
At 954 sqft, the layout is key. The one-and-a-half storey design often places bedrooms upstairs, which can be cozy. It can work well for a small or young family, especially with the additional finished basement space.
5. How does this home compare to others nearby?
It has a larger living area than many on its street and a similar vintage. The recent sale of a nearby, similarly sized but newly built home (398 Jamison, 2020) at a much higher assessed value highlights the premium for new construction versus established, character homes in the area.