Property Overview: 434 Winterton Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Winterton Avenue in Chalmers is defined by its generous lot and strong value proposition within its immediate area. Built in 1950, it features a renovated basement and a detached garage. The primary standout is the 4,795 sqft lot, which is significantly larger than most in the neighbourhood (top 9% on its street, top 13% in Chalmers), offering ample outdoor space. While the 918 sqft living area is typical for the local area, the property’s assessed value ranks well above local averages, suggesting a solid foundation of perceived value.
The appeal lies in securing a property with above-average land size in a mature neighbourhood, a combination that can be harder to find. It suits practical buyers looking for a character home with room to breathe, garden, or potentially expand outdoors. It would also attract value-conscious investors or homeowners who prioritize lot size over a large interior footprint, seeing the potential in the renovated basement and the established, quiet street setting. A less obvious perspective is that, while the home's last sale price was around the citywide average, its metrics are consistently strong within its local context, indicating it's a standout property on its block rather than in the entire city—a key point for neighbourhood-focused buyers.
Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg homes?
While the lot is well above average for Chalmers, it is closer to the citywide average. This highlights that the property offers a suburban-like yard in an established inner-city neighbourhood.
2. The home sold for significantly more in 2022 than in 2016. What does this indicate?
The sharp increase suggests substantial improvements were made between sales, likely including the basement renovation noted. It underscores a recent history of investment in the property.
3. Is the living space sufficient for a family?
At 918 sqft, the main living area is compact. The renovated basement provides crucial additional space, making it more suitable for smaller families, couples, or those comfortable with multi-level living.
4. What does the above-average assessed value relative to neighbours mean?
It typically reflects that the municipality views the property as having higher value than many nearby homes, often due to factors like lot size, condition, and improvements. This can be positive for equity but also informs property taxes.
5. Are homes on this street similar?
The data shows Winterton Avenue has a mix, but this property ranks highly on the street for lot size, year built, and assessed value. This suggests it is one of the more substantial and recently built homes on the block.