Property Overview: 440 Tweed Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1907, presents a straightforward opportunity centered on its land and location. Its primary appeal lies in the generous 5,487 sqft lot, which is notably larger than most in the immediate area and Chalmers neighbourhood. This offers valuable outdoor space and potential for gardening, expansion, or future development, subject to zoning. The living space is modest at just over 1,000 sqft, and the basement is noted as unrenovated. A detached garage adds practical storage or workshop space.
The property suits specific buyer profiles: those seeking a lower-entry price point in Winnipeg, with a vision to gradually update a character home; investors or handy buyers comfortable with a project who value land size over a modern, turn-key interior; or anyone looking for a home with significant outdoor space in the city. A thoughtful perspective is that its below-average assessed value and older vintage, while requiring investment, also mean property taxes are likely proportionally lower than for newer, higher-assessed homes in the city.
Section 2: Frequently Asked Questions
1. What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor with principal rooms and a second floor under sloped roof lines, often creating cozy bedrooms with potentially reduced ceiling height in parts. It's a classic Winnipeg architectural style.
2. The assessed value seems very low. What does this indicate?
The assessed value is for municipal tax purposes and reflects the property's estimated market value from a past valuation date. It being significantly below the citywide average is consistent with the home's age, condition, and smaller living area, but does not directly predict its final sale price.
3. How significant is the large lot size?
It's a key feature. The lot is in the top 7% for size within the Chalmers neighbourhood, offering more private outdoor space than is common. This is a permanent advantage that can outweigh the home's need for updates for the right buyer.
4. Are there any obvious major costs to anticipate?
Given the age (1907) and the unrenovated basement, buyers should budget for potential updates to foundational systems like wiring, plumbing, or insulation. A thorough inspection is essential to understand the condition and any moisture issues in the basement.
5. The home sold in 2016 for $14,500. Is the current price listed?
The provided data shows the 2016 sale price as a historical point. The current asking or list price is not included in this data set and would need to be checked on the most recent listing.