841 Chalmers Avenue E

Property Overview

This 1,614 sqft one-storey home on a 4,801 sqft lot in East Elmwood presents a distinct value proposition. Built in 1955, its key characteristic is spaciousness: its living area is in the top 3% for its street and top 12% for the neighbourhood, offering significantly more room than many comparable local homes. This is complemented by a lot size that is above average for the street. Notably, this space comes with a relatively low assessed value, which is below the average for the area. The home features a detached garage and has a basement.

Its appeal lies in offering substantial interior space and a good-sized yard at a potentially accessible price point. It suits practical buyers looking for room to grow without a premium neighbourhood price tag, or those who value lot size and see potential in a home that may require updates. A thoughtful perspective is that this property could represent a "value-for-space" opportunity in a mature neighbourhood, where the investment goes more into the physical structure and land rather than an elevated assessment.

Frequently Asked Questions

1. Why is the assessed value comparatively low?
While the exact reasons aren't specified, a lower assessment relative to the home's living area and lot size can sometimes reflect factors like the need for modernization, the specific condition of the home, or the market dynamics of the immediate street. It's a key point to investigate during a viewing.

2. What does the "Top 3%" ranking for living area mean?
This statistic means that, on its own street (Chalmers Avenue E), this home has more living space than approximately 97% of similar properties. It highlights that this home is exceptionally spacious compared to its direct neighbours.

3. Is a 1955-built home a concern?
The 1955 build date is newer than the average home on its street. While systems and components will be age-appropriate, this suggests the property may have updates or a construction era somewhat more recent than many in the immediate vicinity.

4. What is the significance of the detached garage?
A detached garage offers flexibility. It can be ideal for a workshop, additional storage, or parking without consuming living space. However, it may be less convenient during Winnipeg winters compared to an attached garage.

5. How recent is the sale history, and what does it show?
The home was last sold in August 2016 for $200,000. This provides a historical benchmark, but the current market value will be determined by present condition, market trends, and recent comparable sales.