Property Overview
This one-and-a-half storey home on Chalmers Avenue E in East Elmwood is a classic Winnipeg character property built in 1914. With 852 sqft of living space and an unrenovated basement, it sits on a modest 2,739 sqft lot. Its assessed value is notably below both neighbourhood and city-wide averages. The home appeals as an entry-point into the housing market or a strategic investment, offering a smaller-scale project in an established area. Its charm lies in its potential and location rather than in size or modern finishes.
Key Characteristics & Ideal Buyer
The home’s key characteristic is its position as a smaller, older property in a neighbourhood of generally larger, newer homes. Its living space and lot size are below average for the street and area, which translates to a correspondingly lower assessed value. This creates a specific appeal: it represents one of the more accessible price points in East Elmwood. The appeal lies in the opportunity to own a standalone character home without the premium lot size or square footage that commands higher prices. It would suit a first-time buyer comfortable with a home that may require updates, or an investor looking for a rental property with a lower entry cost. A thoughtful perspective is that a smaller lot and home can mean lower maintenance costs and property taxes, which can be a sustainable long-term advantage for the right owner.
Frequently Asked Questions
1. Is the basement finished or usable for living space?
No, the basement is noted as being unrenovated. It provides utility space but is not a finished living area.
2. How does the property’s value compare to others nearby?
The home’s assessed value is around average for Chalmers Avenue E but below the average for both the wider East Elmwood neighbourhood and the city of Winnipeg as a whole.
3. What is the typical lot size in this area?
Lot sizes in East Elmwood are generally larger. This property’s lot is 2,739 sqft, which is below the area average of about 4,390 sqft.
4. Are there any garages or additional parking structures?
The listing specifies there is no garage. Parking would be limited to what is available on the property’s driveway or on the street.
5. How old is this home compared to others on the street?
Built in 1914, it is significantly older than the average home on Chalmers Avenue E, where the average build year is around 1938.