237 Washington Avenue

Property Overview: 237 Washington Avenue, Winnipeg

Key Characteristics & Appeal

This one-storey home on a standard 3,002 sqft lot in Chalmers is a practical property with a clear value proposition. Its key feature is a renovated basement, adding functional living space to the 755 sqft main floor. Built in 1921, the home is typical for its immediate street and neighbourhood in both age and lot size. The detached garage offers useful storage or parking.

The primary appeal lies in its position as an affordable, no-fuss entry point into the Winnipeg market. Having sold recently for $250k, it presents itself as a straightforward option, particularly when compared to the city-wide average home value. It suits first-time buyers, investors, or downsizers looking for a manageable footprint without major renovation projects. A thoughtful perspective is that its "around average" standing within its own community could signal stability and predictability, avoiding the premium prices of top-tier streets while still being in the mainstream of the local area.

Frequently Asked Questions

1. Is the living space too small?
At 755 sqft above grade, the living area is below average for the street, neighbourhood, and city. However, the renovated basement significantly expands the usable space, making the total functional square footage more competitive.

2. How does the recent sale price compare?
The 2024 sale price of $250k is above average for the immediate street and Chalmers neighbourhood, but remains below the Winnipeg city-wide average. This suggests the property is priced for its specific local market.

3. What does the assessed value indicate?
The $23,100 assessed value is around average for the area but far below the city average, reflecting the home's age, size, and location. It's important to note that assessed value for tax purposes is not a direct indicator of market sale price.

4. Is the lot size a pro or con?
The lot is typical for the area, offering a standard outdoor space without extensive maintenance. It's not a standout feature for privacy or expansion, but it aligns with neighbourhood norms.

5. Who might this home not suit?
It may not fit buyers seeking a modern, move-in-ready home on a large lot, or those who prioritize a large main-floor living area. Its appeal is geared toward practicality and value within a specific community context.