Property Overview: 845 Chalmers Avenue E, East Elmwood, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1955, presents a practical and straightforward opportunity in Winnipeg's East Elmwood neighborhood. Its primary appeal lies in its generous 4,801 sqft lot, which is notably larger than most on its street and in the local area, offering valuable outdoor space and future potential. With 998 sqft of living area, the house itself is modest and in line with typical East Elmwood homes, suggesting a manageable scale for upkeep.
The property suits first-time homebuyers or practical investors looking for an entry point into the market with a clear value proposition: the land. It’s a home where the lot size is the standout feature, not the structure's size or assessed value. A thoughtful perspective is that while the home's citywide metrics (like assessed value) rank below average, its local rankings are solidly average or better, indicating it's a competitively positioned property within its immediate, more affordable context. It’s ideal for someone who values space over square footage and sees potential in the property itself, rather than seeking a move-in-ready showcase home.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes, at 998 sqft, it is a compact one-storey bungalow. However, its living space is very typical for East Elmwood and is actually slightly above the average size for homes directly on Chalmers Avenue E.
2. Why is the assessed value so much lower than the recent sale price?
The 2023 sale price of $270k reflects the current market value between a buyer and seller. The much lower municipal assessed value ( $22,900) is used for calculating property taxes and often lags behind market trends, especially after recent sales.
3. What is the biggest advantage of this property?
The land. The lot is over 4,800 sqft, placing it in the top 11% for size on its street. This provides ample yard space and is a key asset not reflected in the living area square footage.
4. How does it compare to the wider Winnipeg market?
Citywide, this home is below average in size and assessed value, which highlights its affordability. Its appeal is specifically rooted in the East Elmwood community, where it is a very typical and competitively sized property.
5. The home was built in 1955. What should I consider?
While newer than many homes on its street (ranking in the top 16% locally for year built), a 71-year-old house will likely require attention to aging components like plumbing, electrical, windows, and the roof. A thorough inspection is essential.