Property Overview & Key Characteristics
This one-and-a-half storey home, built in 1922, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its efficient use of space and relative value. With 1,131 square feet of living area, the home is notably larger than many comparable houses on its street and in the immediate area, offering more interior room than typical for its peer group. The property sits on a standard 3,001 sqft lot for the locale and features a renovated basement, adding to its functional living space. There is no garage or pool.
The home would suit first-time buyers or practical investors looking for a character home with updated fundamentals (like the basement) in an established neighbourhood. Its above-average living space for the area is a key draw for those needing more room without a premium price tag, while its assessed and recent sale values position it as a more accessible entry point into the market. A buyer should be prepared for the upkeep typical of a century-old home.
Frequently Asked Questions
1. How does the lot size compare?
The land area of 3,001 sqft is very typical for Ottawa Avenue and the Chalmers neighbourhood, but is below the city-wide average. This is standard for older, established central neighbourhoods.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finishes. This is a key detail to clarify with the seller or agent to understand the quality and legality of the renovation.
3. Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value for taxation purposes ($22.3k) is significantly lower than the home's last sale price ($24.4k in 2021). Market conditions, property improvements, and demand determine the sale price.
4. What are the implications of the home's age?
Built in 1922, the home is older than the average for both the street and city. This can mean charming character but also requires attention to aging components like plumbing, electrical, and the foundation. A thorough inspection is essential.
5. How does parking work with no garage?
The property has no garage. Buyers should verify on-street parking regulations, permit requirements, and general availability on Ottawa Avenue to ensure it meets their needs.