Property Overview
This one-and-a-half storey home, built in 1928, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its key appeal lies in a combination of above-average interior space and a recently renovated basement, set on a standard city lot. The home lacks a garage or pool, positioning it as a straightforward, functional property.
Key Characteristics & Ideal Buyer
The most notable feature is the living area of 1,142 sq ft, which is significantly larger than many comparable homes on its street and in the immediate area. This suggests a home that may feel more spacious inside than its exterior implies. The renovated basement adds modern, usable space. With an assessed value and recent sale price well below the Winnipeg city average, it offers clear entry-level affordability.
Its appeal is grounded in value and space rather than luxury. It would suit a first-time homebuyer or a practical investor looking for a character home with updated fundamentals. The lot size is typical for the area, offering manageable outdoor space without extensive upkeep. A thoughtful perspective is that while the home ranks below average citywide for metrics like land size and year built, it ranks above average within its own community for living space—highlighting a property that prioritizes interior utility over expansive grounds, ideal for those focused on indoor living space and budget.
Frequently Asked Questions
1. How does the recent sale price compare to the assessed value?
The property sold for $28,600 in December 2024, which is substantially lower than its $230,000 assessed value. This typically indicates a sale under unique circumstances, such as a lot-only or as-is condition sale, and is not a direct reflection of the home's market value for a standard transaction.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the quality of the renovation, permits, the basement's ceiling height, and its intended use (e.g., living space, laundry, storage) to fully understand this feature.
3. Is the property suitable for adding a garage?
The lot is 3,048 sq ft, which is average for Chalmers but below the citywide average. While adding a garage may be possible, space could be a constraint. Checking local zoning bylaws and setback requirements would be an essential first step.
4. How does the age of the home (1928) affect it?
Built 98 years ago, the home is older than the average in its neighbourhood. This often means character construction but also necessitates close attention to the condition of major aging components like the roof, foundation, plumbing, and electrical systems during an inspection.
5. Why are the rankings for "Living Area" so much stronger than for "Land Area"?
This highlights a specific trait of this property: it offers more interior space than many peers on similarly sized lots. This is ideal for buyers who value indoor square footage over a large yard, but it also means outdoor space is standard for the area, not expansive.