Property Overview: 238 Gordon Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1914 on a standard city lot in the Chalmers neighbourhood. Its key features include a detached garage and an unfinished basement. The data reveals a property that stands out in specific, nuanced ways. While its living space (672 sq ft) is modest, even for its immediate area, the lot size is competitive locally. Notably, the home's age (1914) makes it one of the older, more established houses on its street, which may appeal to those interested in early 20th-century character.
The primary appeal lies in its position as an accessible entry point into the market. With a recently sold price and assessed value significantly below the Winnipeg average, it represents a low-barrier investment. It would suit a pragmatic, hands-on buyer—perhaps a first-time homeowner willing to grow into a renovation project over time, or an investor looking for a straightforward rental property. Its smaller scale means lower utility costs and less maintenance, which is a practical, less obvious advantage. This isn't a move-in-ready showpiece; its value is in the foundation and the potential it represents for the right person.
Frequently Asked Questions
1. Is this a "tear-down" or a livable home?
Based on the sale history and assessed value, it is likely a functional but basic home. The presence of an unfinished basement and the modest living area suggest it's livable but would benefit from updates and personalization.
2. How does the lot size compare?
At 2,582 sq ft, the lot is below the city average but is actually competitive within the Chalmers neighbourhood and on Gordon Avenue itself, where it ranks in the top half for size.
3. What does the sale history indicate?
The home sold for $21,300 in late 2024, up from $18,500 in late 2022. This steady, moderate increase suggests a stable, non-speculative market for the property.
4. Who might the "comparable" properties be?
The listed comparables with similar assessed values are primarily other modest homes in Chalmers, as well as some condominium units elsewhere in the city. This highlights that at this price point, you are comparing entry-level houses in established neighbourhoods with other forms of affordable housing.
5. What is the immediate neighbourhood like?
Being on a street with many homes of a similar vintage and value points to a consistent, established streetscape. The proximity of many homes on Gordon Avenue suggests a closely built, traditional neighbourhood feel.