Property Overview: 190 Mcintosh Avenue
Key Characteristics & Appeal
This is a modest, one-storey home built in 1907, situated on a standard city lot in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its position as an affordable entry point into the market, with a recent assessed value of $150,000 and past sales well below city averages. The 440 sqft living area is notably compact, ranking at the very bottom compared to nearby homes, indicating this is likely a character home or cottage requiring modernization.
The property suits specific buyer types: first-time buyers seeking a foothold with a manageable renovation project, investors looking for a rental property with a lower initial investment, or those prioritizing land value over the existing structure. A thoughtful perspective is its potential as a "blank slate." The very small existing footprint on a 2,744 sqft lot presents an opportunity for a significant expansion or rebuild (subject to permits and zoning), making it a strategic purchase for a long-term vision rather than a move-in-ready home. Its older age also suggests potential for historical character, though this comes with the responsibility of updating essential systems.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is in an unfinished, utility state.
2. How does the property size compare to the area?
The home itself is significantly smaller than area averages, but the land size is fairly typical for the immediate street and neighbourhood.
3. What are the typical property taxes for this assessed value?
Property taxes are calculated by applying the City's annual mill rate to the assessed value. With a $150,000 assessment, the taxes would be substantially lower than for an average-priced Winnipeg home.
4. Has the property value been stable?
Sales data shows it sold for $140,000 in 2019 and $130,000 in 2017, suggesting relative price stability in its market segment over recent years, albeit well below city-wide averages.
5. What is the immediate neighbourhood like?
The listing provides comparable nearby properties on Mcintosh and Gordon Avenues, indicating a mature area with homes of similar vintage. Further research into local amenities, schools, and development plans would be advisable.