Property Summary: 576 Washington Avenue
Key Characteristics & Appeal
This one-storey home at 576 Washington Avenue in Winnipeg's Chalmers neighbourhood presents a practical and well-situated offering. Its key appeal lies in a balance of relative modernity and above-average condition for its immediate area. Built in 1958, it is notably newer than most homes on its street and in Chalmers. The home features a renovated basement and a detached garage on a standard city lot. With 796 sqft of living space, it is comfortably sized for the local context, though more compact citywide.
The data reveals a compelling perspective: this property stands out in its near surroundings. Its assessed value ranks in the top 25% on Washington Avenue and top 19% in Chalmers, suggesting it is maintained or updated to a standard that exceeds area norms. This creates a unique position—it's a home that offers a move-in-ready level of quality within a more modest, established neighbourhood. It would suit first-time buyers seeking a manageable, updated home without a premium suburban price tag, or an investor looking for a solid, rentable property in a community with stable, long-term value. The appeal is one of practicality and smart value within its local market, rather than sheer size or luxury.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 796 sqft, the living area is close to the average for both Washington Avenue and the broader Chalmers neighbourhood. It is, however, significantly smaller than the current citywide average for houses, indicating a more compact, efficient layout.
2. The assessed value seems low. What does this indicate?
The assessed value of $25,800 is not a market price but a municipal valuation for tax purposes. Crucially, it ranks well above average for both the street and the neighbourhood. This typically suggests the home is in better relative condition or has features that give it a higher value than many surrounding properties.
3. What does the year built (1958) mean for this home?
Built in 1958, this home is considerably newer than many of its neighbours, which average from the 1930s in Chalmers. This often implies more modern construction standards, wiring, and plumbing than much of the existing housing stock in the area.
4. Is the lot size a pro or a con?
The lot is approximately 4,400 sqft, which is above average for Chalmers and provides ample outdoor space for a home of this size. It offers good potential for gardening, recreation, or expansion, while remaining a manageable size for upkeep.
5. Who would this property not suit?
This home may not suit buyers seeking a large, suburban-style floor plan or those who prioritize a neighbourhood with newer, uniformly built homes. Its value and appeal are most apparent when viewed in the context of its immediate community rather than citywide comparisons.