Property Overview & Appeal
This two-storey home at 194 Mcintosh Avenue in Winnipeg's Chalmers neighbourhood presents a practical opportunity with notable value in its immediate area. Built in 1977, it is a newer construction compared to many homes on its street and in the wider neighbourhood. Its key characteristics include a renovated basement, 1,310 sqft of living space (which is quite generous for the local area), and a 3,273 sqft lot. There is no garage or pool.
The appeal lies in its strong positional value within its community context. The data shows it consistently ranks above average for its street and neighbourhood in categories like living area, year built, and land size. This suggests you get more house and a newer build for the area than is typical. The very low assessed value, while below the city-wide average, indicates a potentially lower property tax burden and an entry point into a stable neighbourhood. It would suit a first-time buyer, an investor looking for a rental property with solid fundamentals, or a practical buyer who prioritizes interior space and a renovated basement over premium city-wide location or amenities like a garage.
A thoughtful perspective: this property represents a "big fish in a small pond" scenario. It offers more modern comforts and space than its direct neighbours, which can be a significant daily living advantage, even if it doesn't command a premium city-wide price. The renovated basement adds immediate functional space without the need for a project.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Property assessments are relative. This home's value is assessed against similar properties in its specific market area (Chalmers and McIntosh Avenue). It ranks above average there, but property values in Chalmers are generally lower than the Winnipeg average, hence the lower absolute number.
2. What does "renovated basement" typically include?
While specifics should be verified with a viewing or the listing agent, a renovated basement in a home of this era usually means it has been finished into a livable space with proper walls, flooring, and ceiling, and likely includes areas for recreation, laundry, or storage. It does not necessarily mean it is a legal secondary suite.
3. How does the lack of a garage affect daily life and value here?
For this neighbourhood and price point, the lack of a garage is common. Buyers should plan for street parking and consider the investment for a portable car shelter or the potential to add a shed for storage. The trade-off is often a larger lot and more house for the money.
4. The home sold in 2019 for $21,800. What does that indicate?
This prior sale price, close to the current assessed value, suggests a history of stable, modest valuation in the area. It is not indicative of a distressed sale but rather reflects the consistent market level for well-maintained, no-frills homes in this part of Chalmers.
5. The home is newer than most on the street. Are there any concerns with a 1977 build?
A 1977 build avoids some of the maintenance issues of much older century homes but is now approaching 50 years old. Key items to investigate would be the age and condition of the roof, windows, and major mechanical systems (furnace, water heater), which may be due for service or replacement.