Property Overview: 223 McIntosh Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic one-and-a-half storey home in the Chalmers neighbourhood, built in 1911. Its primary appeal lies in its generous living space. With 1,698 sqft of living area, it ranks in the top 4% of homes on its own street and the top 3% within the neighbourhood, offering significantly more interior room than most comparable properties nearby. It sits on a standard city lot of approximately 3,159 sqft.
The home suits a specific buyer: someone looking for a character home with ample square footage in a mature neighbourhood, who is prepared for the realities of a 115-year-old structure. Its relatively low assessed value suggests it may be a project home, ideal for an investor, a renovator, or a buyer seeking to maximize their interior space for their budget rather than paying for land value or modern finishes. The detached garage adds practical storage or workshop potential.
A thoughtful perspective is that this property represents a "value of space" proposition. While newer or more centrally assessed homes in the city command higher prices, this home offers substantial interior volume within its community. Its appeal is less about prestige and more about practical square footage and potential in a settled area.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed values are based on many factors including location, age, condition, and recent sales. This assessment reflects the home’s age and its value within the immediate Chalmers area, where average values are lower than the Winnipeg city-wide average.
2. Is the large living area due to a finished basement?
No. The property details specify "Basement: No," which typically means there is no developed or finished basement area included in that 1,698 sqft measurement. The significant living area is all above-grade space.
3. How does the recent sale price relate to the assessed value?
The home sold for $29,500 in September 2022, which was above its assessed value at that time. This indicates the market price exceeded the municipal valuation, a common occurrence, especially for older homes with unique characteristics.
4. What does the "Elite" ranking for living area actually mean?
It means that compared to similar one-and-a-half storey homes on McIntosh Avenue and in the Chalmers neighbourhood, this home has more interior living space than over 96% of them. It’s a standout feature for its immediate locale.
5. Are the utility systems and structure original given the age?
Built in 1911, core systems like wiring, plumbing, and the foundation are likely not original and may have undergone various updates. A key part of evaluating this home would be to determine the age and condition of these major components through inspections.