Property Overview
This one-and-a-half storey home at 483 Ottawa Avenue in Winnipeg's Chalmers neighbourhood presents a practical and value-conscious opportunity. Its key appeal lies in offering above-average space and land for its immediate area at a very accessible price point. The home features 1,064 sqft of living space, a renovated basement, and a detached garage on a notably large 4,591 sqft lot for the street. Built in 1949, it is newer than many neighbouring homes. The data shows it consistently ranks in the top 30% for living area, lot size, and assessed value within its local Chalmers area, indicating a solid standing in its specific market. However, its scale and value are more modest when compared to the Winnipeg city-wide average.
This property would suit first-time buyers seeking a foothold in the market with room to grow outdoors, or pragmatic investors looking for a character home with a strong value proposition in its locale. It’s a home for those who prioritize lot size and local affordability over a modern, large-footprint house.
Frequently Asked Questions
1. How does this home’s value compare to others in Winnipeg?
While it ranks above average for its size and lot within the Chalmers area, its assessed value is below the city-wide average. This highlights its affordability and suggests it offers good value for buyers focused on this specific community.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand if it’s a finished living space, a utility area, or includes a separate suite.
3. Is the large lot a major advantage?
Yes, especially in this context. The lot is in the top 11% for size on Ottawa Avenue, offering more private outdoor space than most nearby properties. This is a less obvious but significant asset for gardening, play, or future expansion.
4. The home sold recently in December 2024. What does that indicate?
The quick resale could suggest a number of things—from an investor flipping the property to a change in the owner’s circumstances. It’s important to inquire about the nature of any work done during that ownership period.
5. What are the implications of the home’s age (1949)?
While newer than many homes on the street, a 77-year-old home will likely have older building systems and components. The renovated basement is a plus, but a thorough inspection for the roof, wiring, plumbing, and foundation is essential.