Property Overview
This one-and-three-quarter storey home, built in 1913, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its key appeal lies in its efficient use of space and its position as an affordable entry point into the market. With 1,200 sqft of living area, the home offers more interior space than many in the immediate neighbourhood, making it a relatively spacious option for its vintage and price bracket. The lot, while below the city-wide average at 2,498 sqft, is typical for the area. A notable feature is the home's very low municipal assessed value ($18,900), which is significantly below city averages, though it last sold for $170,000 in 2019. The property includes a basement, which is unrenovated, and does not have a garage or pool.
This home would suit a first-time buyer, an investor, or a hands-on individual looking for a straightforward, lower-cost property. Its appeal is not in luxury finishes but in fundamental value: it provides solid interior space on a manageable lot, with property taxes likely reflecting its low assessment. It's a property for someone comfortable with a home of this era, possibly seeing potential in the existing structure or valuing the financial breathing room the low assessment may provide.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
Municipal assessments for tax purposes are not direct market valuations and can lag behind market trends. A low assessment often results in lower property taxes, which can be a financial advantage for the owner, even if the market value is higher.
2. What does "one & 3/4 storey" mean for the layout?
This style typically means the second floor has full-height ceilings in the center of the house, with sloped ceilings or knee walls in the rooms under the eaves. It maximizes space in a classic design but can feel cozier than a full two-storey home.
3. Is the unrenovated basement finished or usable for storage?
The listing specifies it is "not renovated," which generally means it is in a rough, unfinished state (concrete floors, exposed framing/mechanicals). It is suitable for storage and utilities but not as living space without significant work.
4. How does the lack of a garage affect daily life here?
Parking will be limited to on-street or a potential driveway if one exists. This is a common feature in older neighbourhoods and requires consideration for vehicle security, winter plug-ins, and convenience.
5. The home is older—what should I prioritize in an inspection?
Given its age (1913), an inspection should thoroughly examine the foundation, roof structure, wiring, plumbing (likely updated from original), and insulation. The unrenovated basement could allow for easier inspection of core systems like the foundation and floor joists.