Property Overview: 427 Talbot Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, early-20th century one-and-a-half storey home in the Chalmers neighbourhood, built in 1909. With 1,040 sqft of living space, it offers a modest footprint that is quite typical for its immediate area and neighbourhood. The home sits on a 3,632 sqft lot, which is a comfortable size for the area and provides more outdoor space than many city-wide comparables. A key feature is a renovated basement, adding functional space. There is no garage or pool.
Its primary appeal lies in its position as an affordable, no-frills entry point into the Winnipeg market, particularly within a neighbourhood where its lot size and living area are squarely average. The low assessed value and historically low sale price point to a property suited for buyers with a limited budget, those looking for a manageable starter home, or an investor seeking a rental property with a lower entry cost. It would suit a handy buyer comfortable with the maintenance inherent to a 117-year-old home, or someone viewing the land as a long-term value. A less obvious perspective is that its very modest scale and efficient lot use could appeal to those seeking a simpler, lower-maintenance lifestyle without leaving the city.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing notes the basement is renovated, but specifics on finish quality, ceiling height, permits, or moisture control are not provided. This would be a key area for inspection and inquiry.
2. How does the low assessed value impact property taxes?
A lower assessed value generally results in lower municipal property taxes, which is a financial advantage. However, it may also reflect the home's age, condition, or market perceptions.
3. What is the parking situation without a garage?
With no garage, parking is likely limited to on-street. It's important to verify local parking regulations, especially during winter snow clearing.
4. Are homes of this age and price point typically in "move-in ready" condition?
Given the age and price, buyers should be prepared for potential updates or repairs. The renovated basement is a positive, but systems like wiring, plumbing, and the roof may require careful evaluation.
5. How does the lot size compare, and what are the possibilities?
At 3,632 sqft, the lot is larger than many city lots but average for Chalmers. It offers decent outdoor space for a garden or addition, subject to zoning bylaws. Its size is a relative strength compared to the home's smaller living area.