Property Summary: 172 Martin Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1950, sits on a notably spacious 4,355 sqft lot in the Chalmers neighbourhood. Its key appeal lies in its above-average proportions and established setting. The home itself offers 1,194 sqft of living space, which is generous for the immediate area, and features a renovated basement and a detached garage.
The property’s strongest advantages are contextual. It ranks in the top tiers for lot size, living area, and assessed value within its own street and neighbourhood, meaning it offers more space and value relative to most nearby homes. This creates a solid foundation for future updates. The lot, in particular, presents a significant opportunity for gardening, expansion, or simply enjoying more private outdoor space than is typical in the area.
This home would suit a practical buyer looking for a character home with room to grow, whether that’s a first-time homeowner comfortable with a property that may need cosmetic updates, or an investor seeking a well-sized asset in a stable neighbourhood. It’s for someone who values the potential of land and space over a turn-key modern finish.
Section 2: Frequently Asked Questions
1. What does the assessed value indicate?
The assessed value is for municipal tax purposes and is not a market price. That this value ranks highly in the area suggests the city views the property’s attributes (lot size, building) favorably compared to its neighbours, which can be a positive indicator of its underlying value.
2. How does the sale history affect this property?
The home sold for $230k in 2017 and for $27.8k in 2021. The 2021 sale price is atypical and likely represents a non-arms-length transaction (e.g., between family members). The 2017 sale is a more relevant market benchmark.
3. Is the lot size a major advantage?
Yes. At 4,355 sqft, the lot is significantly larger than the average for both the street (Top 8%) and the Chalmers area (Top 20%). This provides more flexibility and privacy than most surrounding properties.
4. What should I know about the "one-and-a-half storey" design?
This classic Winnipeg style often features main-floor living areas with bedrooms on a second, potentially sloped-ceiling floor. It offers character but may have different spatial dynamics than a full two-storey home.
5. How does this property compare city-wide?
While it ranks above average in its local context for key metrics, its size and assessed value are around or below the wider Winnipeg average. This highlights that its primary appeal is the value and space it offers within its established neighbourhood, not as a large suburban-style property.