Property Overview & Key Characteristics
This one-storey home at 237 Bowman Avenue is a compact, character property built in 1913, situated on a standard city lot in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its balance of original charm and key updates, most notably a renovated basement that adds functional space. With a modest 736 sqft of living area, it is a comfortably sized home for individuals, couples, or small families. The detached garage offers practical storage or workshop potential.
The home suits first-time buyers or downsizers looking for an affordable entry into the market with some modern comforts, without the scale or maintenance of a larger property. It also appeals to value-conscious investors or buyers who prioritize location and a renovated basement over square footage. A thoughtful perspective is that its "around average" metrics for the street and area in land size, age, and assessed value suggest it is a typical, well-integrated property for Chalmers, offering stability rather than standing out as an outlier. This can be reassuring for buyers seeking a home that aligns with neighbourhood norms.
Frequently Asked Questions
1. How does the lot size compare?
At 2,502 sqft, the lot is very typical for Bowman Avenue and the Chalmers area, ranking near the middle of comparable properties. It is smaller than the Winnipeg citywide average.
2. What does the assessed value indicate?
The $21,100 assessed value is around the average for both the immediate street and the broader Chalmers neighbourhood. It is important to note that this is a value for taxation purposes and is distinct from market value, as evidenced by the 2023 sale price of $230,000.
3. Is the living space sufficient?
With 736 sqft, the above-ground living area is below the average for both the neighbourhood and the city. This highlights the importance of the renovated basement, which likely provides crucial additional functional space to make the home feel more comfortable.
4. What should I consider about the home's age?
Built in 1913, the home is older than the citywide average but is typical for its area. Buyers should budget for potential maintenance associated with a century-old structure, while also appreciating the character that era often provides.
5. How does the sale history inform the price?
The home sold in July 2023 for $230,000. This recent transaction provides a concrete, up-to-date benchmark for the property's market value, which is significantly higher than its municipal assessed value.