Property Overview: 422 Martin Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a practical entry-point into Winnipeg’s Chalmers neighbourhood. Built in 1914, its key appeal lies in offering more interior living space (1,158 sq ft) than most comparable homes on its street and in the immediate area. The property sits on a modest, manageable lot and features an unfinished basement. There is no garage or pool.
The home suits first-time buyers, investors, or downsizers seeking a straightforward, no-frills property with solid fundamentals for the price. Its assessed value is modest and in line with the local area, but notably below the Winnipeg city average, which may present a lower barrier to entry. A thoughtful perspective for a buyer is that while the land size is smaller than average, this can translate to lower maintenance and property taxes. The home’s above-average living area for the street suggests a relatively efficient use of the space available.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is around average for both Martin Avenue W and the broader Chalmers neighbourhood, but ranks in the bottom 6% citywide, indicating it is a value-oriented option within Winnipeg.
2. What should I know about the condition?
The listing notes the basement exists but is “not renovated.” Buyers should budget for potential updates and consider a thorough inspection, typical for a home of this age, to assess foundations, plumbing, and electrical systems.
3. Is the lot size a concern?
At 2,265 sq ft, the lot is smaller than many in the city but is fairly typical for the street. It offers enough space for a garden or patio while minimizing yard upkeep.
4. How does the living space compare?
This is a standout feature. The home offers significantly more living area than most direct neighbours, ranking in the top 19% on its street, which means you get more interior room than many nearby properties.
5. What is the context of the last sale price?
The home sold for $13,600 in late 2019. This historical price is not a reflection of current market value but indicates a potentially very low acquisition cost at that time, suggesting the owner may have significant equity or flexibility.