Property Overview: 191 Chalmers Avenue
Key Characteristics & Appeal
This is a well-proportioned one-and-three-quarter storey home in Winnipeg's Chalmers neighbourhood, built in 1912. Its primary appeal lies in offering more interior space than is typical for the area, featuring 1,200 sqft of living area which ranks well above the local average. The home sits on a standard city lot and includes a renovated basement, adding to its functional space. It does not have a garage or pool.
The property suits practical, value-oriented buyers. It's ideal for a first-time homeowner seeking character in an older home without sacrificing room to grow, or for an investor looking at the neighbourhood's fundamentals. The recent sale history suggests a market that recognizes its updated utility. A thoughtful perspective is that while the home is older, its above-average living space for the area provides a relative sense of spaciousness that can be harder to find in similarly priced vintage homes. The renovated basement also adds immediate utility without the need for a major project.
Frequently Asked Questions
1. What does "renovated basement" typically mean for a home of this age?
It usually indicates the basement has been modernized for livable space, potentially including updated flooring, walls, and lighting. Given the home's age, it's important to verify the specifics of the renovation, particularly regarding moisture control and ceiling height.
2. How does the lack of a garage affect daily life and resale?
On-street parking is common in the area. For resale, it aligns with neighbourhood norms but may be a consideration for buyers accustomed to private parking. The lot size offers potential for adding a garage or shed, subject to local bylaws.
3. The assessed value seems low compared to recent sale prices. Why?
Municipal assessed value for tax purposes often lags behind current market values and uses a different valuation method. The recent sale price of $210k is a more accurate reflection of its current market worth.
4. Is an older home like this expensive to maintain?
Homes from this era are built with durable materials, but systems like plumbing, wiring, and the roof may require updates or ongoing maintenance. A thorough inspection is essential to understand the condition and any impending costs.
5. How does the living area compare to a modern home?
At 1,200 sqft, it offers space comparable to many modern bungalows or two-bedroom townhomes. The layout in an older home may feel different, with potentially smaller individual rooms but a greater number of them, offering flexible use of space.