Property Overview: 509 William Newton Avenue
Key Characteristics & Appeal
This is a compact, one-and-three-quarter storey home built in 1907, offering 896 square feet of living space on a 2,890 sqft lot in Winnipeg's Chalmers neighborhood. Its key characteristics include a detached garage and an unrenovated basement. The appeal lies in its position as an affordable, no-frills entry point into the housing market. Compared to the immediate area, its living space is fairly typical, but its assessed value is notably below average for the street, suggesting a potentially lower property tax burden and an opportunity for value-seeking buyers.
The home would suit a first-time buyer, an investor, or a hands-on individual comfortable with a property that may require updates over time. Its smaller scale makes it manageable and cost-effective to maintain. A less obvious perspective is that its older construction date (1907) places it among the more historic homes on the block, which could appeal to those charmed by character, though this comes with an understanding of potential maintenance needs typical of an older structure. The lot size, while below the street average, is still a decent urban parcel, offering outdoor space without being overwhelming to care for.
Frequently Asked Questions
1. How does this home's value compare to the area?
Its assessed value is below the average for William Newton Avenue, which can mean lower property taxes. Recent sale prices have also been consistently below city-wide averages, indicating it's a more affordable option within the Chalmers area.
2. What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style. It typically means the second floor has sloped ceilings (following the roof line) and potentially dormer windows, creating cozy but sometimes spatially unique bedrooms or upper rooms.
3. Is the basement usable?
The listing notes the basement is "not renovated." It is present and likely provides essential mechanical and storage space, but it should be expected as a functional, unfinished area rather than a living space.
4. What is the neighborhood like?
Located in Chalmers, the home is on a street with very close proximity to neighboring houses, as indicated by the nearby property distances. The metrics show the home's features (like lot size and year built) are more in line with area averages than city-wide ones, suggesting a mature, established neighborhood.
5. Has the home been sold recently?
Yes, it sold in both October 2020 and May 2021 for the same price, indicating a stable and transparent recent value history in the market.