Property Overview: 163 Martin Avenue W, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Chalmers is defined by its generous proportions and established character. Built in 1923, it sits on a standard city lot but offers a living area of 1,404 sqft, which is notably larger than most homes on its street and in the immediate neighbourhood. This spacious interior is complemented by a renovated basement and a detached garage. The home’s assessed value ranks above average for its local area, suggesting a solid foundation of investment in the property.
Its primary appeal lies in offering more interior space than is typical for the area, providing room to grow without the footprint of a massive lot. The renovated basement adds modern, functional living space. It would suit a buyer looking for a character home with updated practicality, who values space indoors over extensive yard maintenance. A thoughtful perspective is that while the lot size is average for the city, the above-average living space makes it an efficient use of the property—ideal for those who prioritize home size over garden size in a mature, established neighbourhood.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
The living area is a standout feature. At 1,404 sqft, it is in the top 5-6% of homes on its street and in the Chalmers neighbourhood, where comparable homes average just under 950 sqft.
2. What is the significance of the assessed value ranking?
With an assessed value ranking in the top 7% for both the street and Chalmers, it indicates the property is valued higher than most of its immediate peers. This often reflects updates (like the renovated basement), desirable characteristics, or a combination of both.
3. Is the lot size a constraint?
The land area is approximately 3,686 sqft, which is above average for Chalmers but below the Winnipeg city average. It provides a standard urban yard. The trade-off is that the home itself occupies more of that lot with its larger living footprint.
4. What does the sale history tell us?
The home last sold in April 2016 for $240,000. At that time, this price was above average for the street and neighbourhood but below the city-wide average, a pattern consistent with the property’s profile of being a larger, valuable home within a specific, more affordable area.
5. Given its age, what should I consider?
Built in 1923, the home is older than the average in both Chalmers and Winnipeg. Prospective buyers should ensure inspections are thorough, focusing on the condition of original elements like wiring and plumbing, balanced against the updates that have already been made, such as the basement renovation.