Property Overview
This one-and-a-half storey home on Tweed Avenue, built in 1912, presents a unique opportunity centered on its generous living space and renovated basement. With 1,214 sqft of living area, it stands out as notably larger than most comparable homes in both its immediate street and the broader Chalmers neighbourhood. The lot size is a comfortable 3,641 sqft, typical for the area. While its age and assessed value place it below the Winnipeg citywide average, this positioning is a key part of its character and appeal, suggesting a more accessible entry point into the market. The home last sold in 2016.
Key Characteristics & Appeal
The primary appeal of this property lies in its above-average interior space for the locale and the value of a finished basement. It suits a practical buyer looking for more room than is typically available in older neighbourhood homes, without the premium of a new build. It would be ideal for a first-time homeowner comfortable with the character and maintenance considerations of a century-old house, or an investor seeking a property with solid fundamentals in a well-established community. A thoughtful perspective is that its "below average" citywide assessment isn't necessarily a drawback, but rather reflects its authentic place in a mature neighbourhood, potentially offering a more stable and predictable value proposition compared to volatile, high-growth areas.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the extent or quality of the finishes. A professional inspection is recommended to determine the scope of work, compliance with building codes, and its suitability for your needs.
2. How does the low assessed value impact property taxes?
A lower assessed value generally results in lower municipal property taxes compared to a newer or higher-valued home in the city. This can be a significant ongoing cost savings.
3. Are there any concerns with a house built in 1912?
While offering charm, a home of this age will likely have older building materials and systems. Prospective buyers should budget for potential updates to wiring, plumbing, insulation, and the roof, and should always secure a thorough home inspection.
4. There is no garage. What are the parking options?
The property has no garage. Parking would be limited to on-street. It's advisable to check local parking regulations and observe typical availability on the street at different times.
5. The home sold for less than its assessed value in 2016. What does that mean?
A past sale price below assessment is not uncommon and can be influenced by many factors, including market conditions at the time, the property's state then, and specific sale terms. Current market value should be determined by a recent comparative market analysis.