Property Overview
This one-and-a-half storey home, built in 1928, sits on a generous 4,182 sqft lot in Winnipeg's Chalmers neighbourhood. Its key updated feature is a renovated basement, and it includes a detached garage. With 1,084 sqft of living space, it offers more room than many comparable homes in the immediate area. The property last sold in May 2023 for $240,000.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of classic charm and practical updates within a established neighbourhood. The renovated basement adds immediate functional living space without the need for a major project. While the home itself is of a vintage common to the area, it stands out with an above-average lot size for the street and neighbourhood, offering valuable outdoor space and potential.
Its assessed value is modest relative to the city-wide average, suggesting a potentially accessible entry point into the market. This home would particularly suit first-time buyers or practical downsizers who value a larger yard and some updated amenities over a brand-new build. It’s a grounded choice for someone comfortable with the character of a century-old home who appreciates having one of the more spacious parcels on the block.
Frequently Asked Questions
1. What does a "renovated basement" typically include?
While specifics should be verified by a viewing or inspection, a listing noting a renovated basement generally indicates finished living space that may include areas like a rec room, additional bedroom, or updated laundry area, moving it beyond basic storage.
2. How does the lot size compare practically?
At 4,182 sqft, the lot is notably larger than the neighbourhood average (~3,432 sqft). This translates to more private yard space, room for gardening, or future additions like a shed or deck, compared to many neighbouring properties.
3. What are the implications of a detached garage?
A detached garage offers flexibility and can reduce noise or fumes from entering the house. However, it requires going outdoors to access, which can be a consideration during Winnipeg winters.
4. The home sold recently in 2023; is that a concern?
A recent sale isn't inherently a concern but is worth understanding. It could indicate a quick investment flip, a change in the owner's circumstances, or simply a hot market. A title search and a thorough home inspection are always recommended to understand the property's recent history.
5. How should I interpret the assessed value versus the sale price?
The assessed value ($23.7k) is for municipal tax purposes and is not a market valuation. The sale price of $240,000 reflects what a buyer was willing to pay in the open market at that time. Current market conditions and the home's features will determine its present value.