849 Chalmers Avenue E

Property Overview: 849 Chalmers Avenue E, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in East Elmwood presents a practical opportunity centered on value and potential. Its key characteristic is the generous 4,801 sqft lot, which is notably larger than most on its street and in the immediate area. This offers valuable outdoor space and future flexibility that many similarly priced properties lack. The house itself is modest at 800 sqft of living space, with a renovated basement adding functional square footage. A detached garage provides utility or storage.

The appeal lies in its position as a solid, no-frills foundation. It suits buyers who prioritize land size over a large existing footprint, such as first-time homeowners comfortable with a smaller interior, or investors looking for a property with a strong land-to-building ratio. The above-average assessed value for the street suggests it may already be in better condition or have more desirable features than its immediate neighbors. It’s a property for someone who sees the long-term value in the land and the possibility of making a smaller, updated home work for them, rather than seeking a move-in-ready showpiece.

Section 2: Frequently Asked Questions

1. Is the house particularly small?
Yes, at 800 sqft, the living area is below average for the city and the East Elmwood neighborhood. However, the renovated basement provides additional finished space, making the overall usable area more comfortable.

2. What does the "above average" assessed value on the street mean?
This indicates that, according to municipal assessment, this property is valued higher than most on Chalmers Avenue E. This often reflects factors like the renovated basement, the very large lot, or overall condition compared to neighboring homes.

3. Who would this property suit best?
It’s an excellent match for a first-time buyer or a practical downsizer who values a large yard and a manageable, updated living space over sheer square footage. The lot size also makes it interesting for those with future expansion in mind.

4. How does the 2016 sale price relate to today’s value?
The $180,000 sale price from 2016 is a historical data point. Current value is influenced by many factors since then, including market trends, any further updates to the property, and its assessed value of $25,400 (which is for tax purposes, not market price).

5. What are the less obvious points to consider?
The home was built in 1949, so while systems may be updated, the core structure is older. The large lot is a major asset, but it also means more yard maintenance. Its value proposition is unique: you’re trading interior space for one of the larger lots on the block, which is a specific trade-off to weigh.