Property Overview
This is a compact, one-storey home built in 1946, situated on a standard-sized lot at 115 Henderson Highway in Winnipeg's Chalmers neighbourhood. Its key appeal lies in its renovated basement and detached garage, offering functional space and storage. The home’s standout characteristic is its modest scale, with a living area significantly smaller than most comparable properties in the city. This results in a notably low assessed value, which translates to a correspondingly lower sale price point, as seen in its 2019 sale for $180k.
The property would suit a specific buyer: a first-time purchaser or an investor seeking an entry point into the market with a manageable footprint and renovation potential. Its location on Henderson Highway provides high visibility and easy access to major routes, which could be a plus for someone valuing connectivity. However, the smaller interior size means it’s best for those with minimal space needs or who are comfortable with a cozy layout. The renovated basement adds valuable flexible living or utility space, partially offsetting the compact main floor.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is primarily based on the home's very small living area (654 sq ft) compared to the Winnipeg average, which keeps its property value valuation low.
2. Is the land size typical for the area?
Yes. The lot is approximately 4,134 sq ft, which is above average for the Chalmers neighbourhood, meaning the property offers a good outdoor-to-indoor ratio for its locale.
3. What does "renovated basement" likely mean for a home of this age?
Given the home's age, a renovated basement typically indicates updated finishes and likely includes moisture-proofing measures. It's essential to verify the scope, permits, and quality of this renovation.
4. Who might this property not be suitable for?
It would likely be challenging for a growing family due to the limited main-floor living space. Buyers prioritizing a modern, open-concept layout or who work from home may also find it too confined.
5. How does being on Henderson Highway impact the property?
It offers excellent transportation access but also comes with higher traffic noise and less residential privacy compared to a quiet side street. This is a key trade-off to consider.