Property Overview: 225 Poplar Avenue, Winnipeg
Key Characteristics & Appeal
This home is a classic one-and-three-quarter storey character property built in 1912, situated on a 3,400 sqft lot in the Chalmers neighbourhood. Its primary appeal lies in its generous and well-proportioned living space. At 1,488 sqft, the home offers significantly more interior room than most in the immediate area, ranking in the top 5% of the Chalmers neighbourhood for living area. This makes it a notably spacious option for the locale.
The property presents a clear value proposition for a specific buyer. It suits someone looking for a character home with room to grow, who is comfortable with a project. The basement exists but is unrenovated, and the detached garage offers classic utility. The lot size is modest for the street but typical for the area, suggesting a manageable outdoor space. The most compelling perspective is its assessed value positioning: while below average citywide, it is above average for Chalmers, indicating the home is already recognized as a stronger-than-typical property within its more affordable neighbourhood context. It’s ideal for a buyer prioritizing interior square footage and character over a modern, turn-key condition or a large yard.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a traditional architectural style where the second floor has slightly less floor area than the main floor, often with sloped ceilings or dormer windows. It typically offers more space and character than a bungalow but with a different layout than a full two-storey home.
2. How recent was the sale, and does the sale price seem consistent?
The home sold in February 2023 for $300,000. At that time, this price was above average for the Chalmers neighbourhood (top 7%), reflecting the premium for its larger living area. It was around average for Poplar Avenue itself.
3. Is the low assessed value a concern?
Not necessarily. The assessed value ($25,100) is for taxation purposes and is not a market valuation. Its above-average rank in Chalmers suggests the city assesses it more highly than many neighbourhood peers. The 2023 sale price of $300k is the relevant market benchmark.
4. What should I consider about the age of the home?
Built in 1912, the home is older than most in the city. This promises classic charm and solid construction but necessitates thorough inspections for foundational integrity, wiring, plumbing, and insulation. The unrenovated basement also indicates potential for upgrades.
5. How does the lot size impact future plans?
At 3,400 sqft, the lot is below average for the street but typical for the area. It provides a decent backyard for a city home but may limit possibilities for large additions or pool installation. It offers manageable maintenance.