This one-and-three-quarter storey home on Gordon Avenue presents a classic Winnipeg character property with practical potential. Built in 1912, it sits on a standard 2,744 sqft lot in the Chalmers neighbourhood. Its key appeal lies in its above-average living space (1,308 sqft) compared to most homes on its street and in the immediate area, offering more room than many similarly aged properties. The home features a detached garage and an unrenovated basement, presenting a blank canvas for updates. It last sold very recently in September 2024 for $290,000, a significant increase from its 2022 sale price, indicating active market interest.
This property would suit a buyer looking for a home with solid square footage in a mature neighbourhood, who is comfortable with a home of vintage character and is potentially planning gradual updates. It’s a practical choice for someone prioritizing interior space over a large yard, and who sees value in a property that has already demonstrated notable price appreciation in a short period.
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What does "one-and-three-quarter storey" mean for this home?
Typically, this style features a full main floor and a second floor where the roofline slopes into the walls, creating potentially cozy bedrooms with reduced ceiling height at the room's edges. It's a charming, space-efficient design common in early 20th-century Winnipeg.
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The assessed value is much lower than the recent sale price. Why?
Municipal assessed value for taxation purposes often lags behind current market values, especially in a moving market. The recent sale price of $290,000 is the true indicator of its current market worth, reflecting what buyers are willing to pay today.
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What are the implications of the "unrenovated" basement?
This means the basement is in original or functional condition but not modernized. It offers utility space and storage, but any finishing for living space would be a future project. A pre-purchase inspection is advisable to check its foundation and mechanical systems.
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How does the lot size compare?
The lot is slightly below the city-wide average but is quite standard for the Chalmers neighbourhood and actually above average for Gordon Avenue itself. This suggests a typical urban yard for the area, not overly large but proportionate to the home.
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The home sold twice in just over two years. Should that be a concern?
The dramatic increase from its 2022 sale price ($28,700) to its 2024 price suggests the previous transaction may have been a non-arms-length transfer (like between family members) or a sale with conditions not reflective of market value. The recent 2024 sale is the meaningful, market-based transaction to consider.