Property Overview: 1241 Chamberlain Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on space and affordability. Built in 1955, its 1,089 sqft living area is notably above average for both its immediate street and the broader Mynarski neighbourhood, offering more interior room than many comparable local homes. The lot size of 4,776 sqft is standard for the area, providing adequate outdoor space.
The primary appeal lies in its pricing position. With an assessed value of $233k, it sits below average benchmarks for the street, neighbourhood, and city. This is reflected in its recent sale history, last selling between $200k-$250k in late 2024. The combination of above-average living space on a decent lot at a below-average price point creates a practical opportunity. It would suit first-time buyers, investors looking for a rental property, or value-conscious purchasers who prioritize functional space over a premium location or a modernized home. A thoughtful perspective is that this property represents the "bones" of a home—its core structure and lot—at an accessible entry point, leaving room for a buyer to add value through updates over time.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed values are based on a mass appraisal system considering factors like location, age, size, and recent area sales. This assessment reflects the property’s value relative to its specific market in Mynarski, which generally has lower average values than many other parts of Winnipeg.
2. The home sold recently in 2024. What does that indicate?
The sale within the last year suggests the market has recently established a price point for the property. It provides a concrete, current benchmark far more relevant than older sales data, indicating strong buyer interest at that price level.
3. Is a home from 1955 going to need major repairs?
While the year built indicates an older home, its age is typical for the neighbourhood. The potential for outdated systems (like plumbing, electrical, or the roof) should be a key focus of a professional home inspection. Budgeting for updates or maintenance is a prudent consideration.
4. How meaningful is it that the living area is "above average" for the area?
It’s a significant practical advantage. In a price range where square footage is often limited, this home offers more usable space than most direct neighbours. This means more room for living, storage, or a home office compared to other options in the same budget.
5. Can I get the exact sale price from 2024?
The public data shown is presented in a range for privacy. You can request the exact sale price by emailing the site via the "Request exact figures by email" button. They will provide the verified figure directly.