Property Overview: 152 Mcphail Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a 2,501 sqft lot presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its key characteristic is a renovated basement, adding valuable finished space to the 828 sqft main living area. The home is newer than most in the immediate area, built in 1977, which can suggest more modern construction fundamentals compared to the neighbourhood's many older homes. The detached garage offers flexible storage or workshop space.
The appeal lies in its efficient scale and move-in readiness, highlighted by the basement renovation. It suits first-time buyers seeking an affordable entry into homeownership without a major project, or downsizers looking for a manageable, single-level layout with updated spaces. A thoughtful perspective is its positioning relative to the area: while the living space is compact, the lot size is quite typical for the street, and the property's assessed value ranks well above the Chalmers average. This indicates a perceived solid value foundation for the price point, potentially appealing to the value-conscious buyer who prioritizes financial prudence over sheer size.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others?
At 828 sqft of living space, the home is below the average for Mcphail Street but very close to the typical size for the wider Chalmers neighbourhood. The renovated basement effectively expands the usable space.
2. Is the property newer or older than surrounding homes?
Yes, it is notably newer. Built in 1977, it ranks in the top 13% newest homes on its street and the top 10% in Chalmers, where many homes date back to the early 1900s.
3. What does the assessed value indicate?
The assessed value of $29.5k is above average for both the street and the Chalmers neighbourhood. It's important to note that assessed value for tax purposes is different from market value; the home last sold for $250k in December 2022.
4. Who might this property not suit?
It may not suit those requiring extensive main-floor living space or multiple large bedrooms, given its compact footprint. Families needing ample yard space might also find the lot size adequate but not expansive.
5. What is the context of the lot size?
The 2,501 sqft lot is around the average for Mcphail Street. It is smaller than the Winnipeg city-wide average, but typical for the established Chalmers neighbourhood, offering a low-maintenance outdoor area.