Property Overview & Key Characteristics
This 1957 one-storey home at 467 Ottawa Avenue in Winnipeg's Chalmers neighbourhood presents a practical and well-maintained offering. Its key appeal lies in a balance of relative modernity for the area, a renovated basement, and a manageable scale on a standard city lot. The home is newer than most on its street and in Chalmers, which can suggest updated core systems. With 921 sqft of living space, it is a comfortably sized bungalow, and the detached garage adds valuable storage or workshop space.
The property’s value is contextual. Its assessed value ranks above average for its immediate vicinity, indicating it is a stronger performer within the local market. However, its living space and lot size are below the wider city average, framing it as an efficient, lower-maintenance option rather than a sprawling property. The renovated basement significantly adds to its functional living area.
This home would suit first-time buyers seeking a solid, move-in-ready starter home with some updates already completed. It would also appeal to downsizers looking for a manageable single-level layout without the burden of a large yard. Investors may find it attractive due to its above-average condition for the area and the potential rental income from a basement suite (subject to verification).
Frequently Asked Questions
1. How does the year built (1957) compare to nearby homes?
This home is notably newer than most in its immediate area. On Ottawa Avenue, it ranks in the top 12%, with comparable homes averaging a build year of 1936. This suggests potentially fewer issues with very aged infrastructure.
2. Is the lot size typical for the neighbourhood?
Yes. The 3,061 sqft lot is around the average for both Ottawa Avenue and the broader Chalmers area, offering a standard urban yard. It is significantly smaller than the city-wide average, which is common for established inner-city neighbourhoods.
3. What does the "above average" assessed value for the street indicate?
It means this property’s municipal assessment is higher than most of its direct neighbours. This usually reflects the home’s condition, improvements (like the renovated basement), and its newer build date relative to the street, but it can also influence property tax calculations.
4. Who might find the living space (921 sqft) suitable?
The living area is very close to the neighbourhood average. It’s ideal for individuals, couples, or small families. The renovated basement effectively expands the usable space, making the home feel larger than the main-floor square footage suggests.
5. How does this property fit into the wider Winnipeg market?
City-wide data shows this is a modestly sized home on a smaller lot, with an assessed value below the city average. This highlights its position as an affordable, centrally-located option rather than a large suburban property, offering value within its specific community context.