Property Overview: 189 Gordon Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Gordon Avenue in the Chalmers neighbourhood presents a straightforward, value-oriented opportunity. Built in 1907, it sits on a modest 2,696 sqft lot and features 850 sqft of living space with an attached garage and an unfinished basement. Its primary appeal lies in its affordability and location, with a recent sale price and assessed value significantly below the Winnipeg city average. The home is not a renovated showcase but a functional entry point.
It would suit a pragmatic, first-time buyer or an investor looking for a low-cost entry into the market. The buyer should be prepared for a home of its vintage, likely requiring updates, and should value its financial accessibility over modern finishes or above-average size. A thoughtful perspective is that its "below average" metrics city-wide are precisely what create its opportunity, offering a chance to build equity in a stable, established neighbourhood without a high initial outlay.
Section 2: Frequently Asked Questions
1. What is the true condition of the home?
The listing notes the basement is "not renovated," which strongly suggests the home is in original or dated condition throughout. Buyers should budget for updates and plan for a thorough inspection, typical for a house built in 1907.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's smaller size, older age, and likely condition compared to the broader Winnipeg market. It is, however, around average for its immediate street and neighbourhood, indicating it's priced appropriately for the local area.
3. Is the lot size a limitation?
At 2,696 sqft, the lot is below average for both Chalmers and Winnipeg. This means smaller outdoor space but also less maintenance. It is a typical urban lot for the area, not unusually small for the neighbourhood.
4. What does the sale history indicate?
The home sold recently in January 2024 for $17,800 and previously in 2020 for $16,500. This shows stable, modest appreciation and suggests a market for homes at this price point, but it is not experiencing rapid price escalation.
5. Who are the most comparable buyers or neighbours?
Given its profile, the most immediate comparables are likely other homeowners on Gordon Avenue and in central Chalmers, where homes tend to be older and more affordable. It may also appeal to those considering a condo but who prefer a standalone house with a garage at a similar price point.