438 Winterton Avenue

Property Overview: 438 Winterton Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a one-and-a-half storey property in the Chalmers neighbourhood, built in 1950. Its primary appeal lies in its generous, above-average lot size of nearly 4,800 square feet, offering more outdoor space than most properties on its street and in the wider area. The home itself has a modest living area of 918 sq ft and features a renovated basement and a detached garage.

The property suits practical buyers looking for value and potential. It’s ideal for a first-time homeowner comfortable with a compact main-floor footprint but who values a large yard for gardening, pets, or future expansion. It also appeals to an investor or renovator who sees value in the substantial lot, the updated basement, and the fact that the home’s assessed value ranks well above average for its immediate area, suggesting a solid foundation for the price.

A less obvious perspective is that this property represents a specific kind of Winnipeg value: it offers space (land) in a established neighbourhood at an accessible entry point, trading off newer fixtures or larger interior square footage for lot size and location.

Section 2: Frequently Asked Questions

1. Is the lot size a major advantage?
Yes. The land is in the top 7% for size on Winterton Avenue and the top 13% in Chalmers, making it a standout feature for privacy, outdoor use, or future development compared to nearby properties.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or layout. This is a key detail to clarify with the seller or agent to understand if it’s a livable suite, a rec room, or simply updated utilities.

3. How does the assessed value relate to the likely sale price?
The home last sold for $28.5k in 2021, and its current assessed value is $25.9k. In Winnipeg, assessed value is for municipal tax purposes and often differs from market value. The sale history and current market conditions will be stronger price indicators.

4. Who might this home not suit?
It may not suit those requiring significant main-floor living space or a modern, open-concept layout, given its 1950s build and smaller square footage. The interior space is below the citywide average.

5. How does the age of the home factor in?
Built in 1950, it is newer than many homes on its street and in Chalmers. However, being 76 years old, a thorough inspection for aging components (roof, wiring, plumbing) is essential, regardless of the renovated basement.