Property Overview: 177 Gordon Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1910, presents a classic Winnipeg character property on a standard city lot in the Chalmers neighbourhood. Its key features include a detached garage and an unrenovated basement, offering functional space and potential. With just over 1,000 square feet of living space, it is a compact and manageable footprint.
The primary appeal lies in its position as a straightforward, lower-value entry point into the market. The data shows its assessed value is consistently below the citywide average, suggesting an accessible price point. Its lot size is notably above average for its immediate street, offering good outdoor space relative to nearby homes. This property would suit a pragmatic first-time buyer, an investor looking for a rental property, or someone seeking a modest home with the character of its era without the premium of a fully updated historic home. A thoughtful perspective is that an unrenovated basement, while not a modern living space, can be a blank canvas for dry storage, a workshop, or future development according to a new owner's specific needs and budget.
Section 2: Frequently Asked Questions
1. What is the true market value?
While the assessed value is approximately $16,900, market value is determined by current buyer demand. Recent sale prices on the street have ranged from $15,500 to $17,600, providing a relevant benchmark for this specific area.
2. What does "unrenovated basement" imply?
It means the basement space is in original or utilitarian condition. It is functional for storage and houses mechanical systems but would require significant investment to be finished as a living or recreational space.
3. How does the lot size compare?
At 2,744 sq ft, the lot is larger than most on Gordon Avenue (ranking in the top 27% on the street). This is a relative advantage for outdoor use, gardening, or potential expansion compared to direct neighbours.
4. What should I consider about the home's age?
Built in 1910, the home will have the charm and solid construction of its era, but also requires diligent attention to aging components like wiring, plumbing, and the foundation. A thorough inspection is essential.
5. Are the recent sale prices on the street a good indicator?
Yes, but with context. The sales from 2016-2021 show a significant price range. The most recent sales (2017, 2021) were in the $15k-$18k range, while the 2016 sale was substantially higher. This underscores the importance of understanding the condition and specifics of each property when comparing.