Property Overview: 179 Martin Avenue W
This one-storey home in Winnipeg's Chalmers neighbourhood presents a practical opportunity with a renovated basement and a detached garage. Built in 1926, it sits on a standard-sized lot for the area. The home's key appeal lies in its efficient scale and recent updates below grade, offering a lower-maintenance footprint. It last sold in October 2021 for $250,000.
Key Characteristics & Ideal Buyer
The home’s living space is compact at 704 sq ft, which is notably smaller than most in the city, but is balanced by the value-adding renovated basement. Its assessed value is strong for its immediate street, suggesting it is well-regarded within its specific market context. The property would suit a first-time buyer, an investor, or someone looking to downsize without taking on a major renovation project, thanks to the updated basement. Its appeal is grounded in functionality and manageability rather than sheer size, offering a solid entry point into the market with some modernized finishes.
Frequently Asked Questions
1. Is the home's smaller living area a concern?
While the above-ground living area is modest, the renovated basement significantly expands the usable space, making the overall footprint more practical for daily living.
2. How does the assessed value compare?
The assessed value ranks above average for Martin Avenue W itself, indicating the property holds its value well within its immediate peer group of similar homes.
3. What is the significance of the lot size?
At 2,807 sq ft, the lot is very typical for the Chalmers neighbourhood. It provides adequate outdoor space without the extensive maintenance demands of a larger yard.
4. What might the 2021 sale price indicate?
The $250,000 sale price three years ago, which was above average for the street at the time, can signal a history of buyer confidence in this specific location and property type.
5. Who are the most comparable neighbours?
The most direct comparisons are other one-storey homes on Martin Avenue W, which share similar vintage, lot sizes, and character, rather than newer or larger homes in broader Winnipeg.