430 Martin Avenue W

Property Overview & Key Characteristics

This one-and-a-half storey home, built in 1912, presents a classic Winnipeg character property on a generous 2,779 sqft lot in the Chalmers neighbourhood. Its key appeal lies in its solid fundamentals: a larger-than-average lot size that ranks in the top 8% city-wide, and a structure that has been maintained for over a century. With 909 sqft of living space, an unrenovated basement, and no garage, it is a straightforward, no-frills property.

The home suits practical buyers looking for an entry point into homeownership with land potential, or investors seeking a value-hold property. Its strong lot size ranking suggests future value may be more tied to the land than the existing structure. It would also appeal to those who prefer a project they can customize over time, without the premium of a fully updated home. Notably, its assessed value has remained stable, indicating a steady, unassuming market position rather than speculative swings.

Frequently Asked Questions

1. What does "one-and-a-half storey" typically mean for a 1912 home?
This style usually features a main floor with principal rooms and a second floor under sloped roofs, creating cozy bedrooms with potentially lower ceilings. It’s a classic Winnipeg design offering efficient use of space.

2. The basement is noted as "not renovated." What should I expect?
Expect a functional, utilitarian space typical of the era—likely with concrete walls and floors, housing the furnace and utilities. It provides storage and mechanical space but would require finishing for living purposes.

3. How significant is the lot size?
At 2,779 sqft, the lot is a standout feature, ranking highly even city-wide. This offers valuable outdoor space and future potential, whether for gardening, expansion, or redevelopment, which is increasingly rare in older neighbourhoods.

4. The home last sold in 2017. What does the price history indicate?
It sold for $16.5k in 2017 and is now assessed at $17.4k. This indicates very stable, modest appreciation in line with its utilitarian condition, not the rapid gains seen in renovated or newer properties.

5. There's no garage. What are the parking options?
Parking would be on-street. This is common for homes of this vintage in the area and should be factored into daily convenience, especially during Winnipeg winters.