Property Summary: 533 Washington Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, one-storey home built in 1965, offering a practical and updated living space. Its key features include a renovated basement and a detached garage. The property stands out for its above-average assessed value within its immediate area, suggesting it is a solid and desirable asset in the Chalmers neighbourhood. The lot size is typical for the street but becomes more manageable and private compared to the much larger city-wide average.
The appeal lies in its balance. It offers modern convenience with the renovated basement, while the 1965 build date means it's notably newer than many neighbouring homes, potentially resulting in fewer age-related maintenance concerns. It suits first-time buyers looking for a move-in-ready home with finished space, or downsizers seeking a single-level layout with a manageable yard and the bonus of a detached garage for storage or projects.
Frequently Asked Questions
1. How does the property's value compare to the area?
The home's assessed value is in the top 12% for both Washington Avenue and the broader Chalmers neighbourhood, indicating it is considered a higher-value property in its immediate context, despite being below the Winnipeg city average.
2. Is the lot size typical?
Yes, for the street and neighbourhood. At just over 3,000 sqft, the lot is around the local average, offering a standard urban yard. It is significantly smaller than the city-wide average, which can be a positive for those seeking lower maintenance.
3. What does the "renovated basement" include?
The provided details confirm the basement is renovated but do not specify the finishes or layout. This would be a key point to clarify with the listing agent to understand the quality and use of this additional space.
4. The home sold in March 2022. What does that mean for the current price?
The 2022 sale price provides a historical benchmark, but the current assessed value is higher. Market conditions, improvements made since 2022, and the assessed valuation process all influence the present value, which should be determined by a current market analysis.
5. How does the living space compare to other homes?
With 996 sqft of living area, it is slightly above average for its street and neighbourhood, providing a comfortable size for a one-storey home. It is, however, below the city-wide average, which is skewed by larger, newer suburban builds.