Property Overview: 235 Martin Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1913, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its efficient scale and recent basement renovation. With 976 sqft of living space, the home is modestly sized but aligns with the average for similar homes on its street, offering a manageable footprint. The lot, at 2,213 sqft, is smaller than most in the city, which translates to minimal exterior upkeep—a distinct advantage for those seeking a low-maintenance property without strata fees.
The home suits first-time buyers, downsizers, or investors looking for an entry point into the market with a renovated core feature (the basement). Its assessed value is notably below the Winnipeg average, suggesting a potentially accessible price point. A thoughtful perspective is that this property represents a "right-sized" option: it provides adequate space without the burden of excess square footage that drives up utility costs and property taxes. Its age and average condition relative to the immediate area indicate it's a candidate for gradual, owner-driven updates rather than a full-scale project.
Section 2: Frequently Asked Questions
1. What does the "below average" land size mean for me?
While the lot is smaller than the city average, it is very typical for the Chalmers area and this specific street. This means less time and money spent on yard maintenance, which can be a practical benefit.
2. The home was last sold in 2019. What should I consider?
The sale history indicates a turnover just a few years ago. It’s wise to inquire about the nature and permits for the basement renovation completed during this period to understand the quality and scope of the updates.
3. How does the assessed value relate to the likely sale price?
The assessed value for taxation purposes is a guideline. The last sale price in 2019 was below the current assessed value, and market conditions have shifted since. A professional market evaluation will provide a more accurate current value.
4. Is the property's age a concern?
Built in 1913, the home is older than the Winnipeg average but is typical for its neighbourhood. This underscores the importance of a thorough inspection to assess the condition of foundational elements, wiring, and plumbing common to houses of this era.
5. What are the implications of having no garage?
The lack of a garage is a common feature on this street. Buyers should factor in the cost and feasibility of adding off-street parking if needed, or consider alternative storage solutions for vehicles and belongings.