Property Overview: 185 Gordon Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1907, situated on a decent-sized lot in the Chalmers neighbourhood. Its primary appeal lies in its position as an affordable, no-frills entry point into homeownership. With 800 sqft of living space, an unrenovated basement, and no garage, it is a straightforward property.
The home’s standout feature is its land. At 2,744 sqft, the lot is notably larger than the city-wide average and is above average for its own street, offering potential for outdoor space or future expansion in a city where lot size is often a premium. While the home itself is modest and older, its assessed value is proportionally low, suggesting a lower property tax burden.
This property would best suit a first-time buyer, an investor, or a hands-on individual comfortable with a project. It’s ideal for someone prioritizing lot size and location within their budget over move-in-ready finishes. The unrenovated basement and age of the home mean it appeals to those ready to make incremental improvements or who value the character of an older home.
Section 2: Frequently Asked Questions
1. What does the "unrenovated basement" typically mean for a house of this age?
It generally indicates a basement in original or functional condition, likely with concrete walls and floors, used for utilities and storage. It may have lower ceilings and would require significant work to be finished as living space.
2. The home sold for $180k in 2020, but the assessed value is much lower. Why?
Assessed value is set by the municipal government for taxation purposes and often lags behind market value. The sale price is what a buyer actually paid and is a stronger indicator of the home’s market worth at that time.
3. How does the lot size compare practically?
The lot is in the top 27% on its own street, meaning it’s larger than most direct neighbours. This is a relative advantage for privacy, gardening, or adding a deck, especially in an older neighbourhood where lots can be smaller.
4. Is the age of the home (1907) a concern?
It requires a pragmatic approach. While it offers character, key systems like wiring, plumbing, and insulation may need evaluation or updating. A thorough inspection is essential to understand the condition and any needed repairs.
5. Who might this property not suit?
It’s likely not a fit for those seeking a turn-key home, modern amenities, or ample indoor living space. The lack of a garage and the compact living area may also be challenging for families or anyone needing significant storage.