Property Overview: 461 Ottawa Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1928, situated on a standard-sized lot in the Chalmers neighbourhood. Its key characteristic is its modest scale, with a living area of 580 sq ft that places it among the smaller homes in the city. The home features a detached garage and an unrenovated basement. The primary appeal lies in its accessibility and simplicity. With an assessed value significantly below city averages, it represents a notably low barrier to entry into homeownership. This isn't a move-in-ready showpiece, but a straightforward property offering basic shelter and a blank canvas.
It would suit a specific type of buyer: first-time purchasers or investors seeking an affordable foothold in the market, or hands-on individuals looking for a project. Its size and condition suggest it's not ideal for growing families but could work for a minimalist, an investor building a portfolio, or someone content with a cozy, no-frills living space. A thoughtful perspective is that such a modestly assessed property can offer financial flexibility, potentially freeing up income for renovations, savings, or other investments. It’s a practical choice over an aspirational one.
Frequently Asked Questions
1. How does the home's size compare to others?
At 580 sq ft, the living area is below average for the street, the Chalmers area, and Winnipeg overall. It is among the more compact homes in the city.
2. What does the assessed value indicate?
The assessed value of $15,500 is well below the citywide average. This typically reflects the home's modest size, age, and condition, resulting in lower property taxes and a very accessible price point.
3. Is the basement usable?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate it needing significant work to be finished as a living space and budget for inspections to assess its current condition.
4. What is the land like?
The lot is approximately 3,062 sq ft, which is around average for the immediate area but smaller than the typical city lot. It provides standard outdoor space for a home of this vintage.
5. How does the sale history inform the value?
The property last sold in January 2021 for $14,200. The current assessed value of $15,500 suggests a stable, low-value market for the home, with minimal appreciation in that period.