Property Summary: 485 Tweed Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Chalmers presents a practical and straightforward opportunity. Its key characteristic is a renovated basement, adding valuable finished space to the 784 sqft main floor. The home sits on a decently-sized lot (over 4,200 sqft) and includes a detached garage.
The appeal lies in its position as a well-maintained, no-fuss property in an established neighbourhood. The data suggests it has been updated and cared for, with an assessed value that consistently ranks above average for its immediate area and the Chalmers neighbourhood. This indicates a property that stands out positively among its direct peers. The sales history shows steady appreciation.
It would best suit first-time buyers seeking a manageable, move-in-ready home without the upkeep of a larger property, or an investor looking for a solid, low-maintenance rental. It’s a practical choice for those who value a renovated space, a good-sized yard, and a history of stable value in the local context.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
While the living area is below the city-wide average, it is quite typical for the Tweed Avenue streetscape and the broader Chalmers area. The renovated basement effectively expands the usable space.
2. What does the assessed value ranking mean?
The home’s assessed value is in the top 14% on its own street and top 24% in Chalmers, meaning it is valued higher than most comparable homes nearby. This often reflects updates, condition, and desirability within the immediate micro-market.
3. Is the 1955 build date a concern?
The year built (1955) is actually newer than most homes on the street and in the neighbourhood, ranking in the top 14% locally. This suggests the home may have had fewer decades of wear than many surrounding properties.
4. What is the trend in its sale price?
The home has sold three times since 2019, showing a clear upward trajectory in sale price with each transaction, indicating appreciating market value over this period.
5. How does the land size affect the property?
At over 4,200 sqft, the lot is larger than average for both Chalmers and the specific street. This offers more outdoor space than many neighbouring properties, which is a less obvious but valuable asset for gardening, entertaining, or future expansion.