238 Winterton Avenue

Property Overview: 238 Winterton Avenue, Winnipeg

Key Characteristics & Ideal Buyer

This 1924 one-storey home in Chalmers presents a practical opportunity centered on its land and recent sale. With a compact 660 sqft living area, it is notably smaller than most area homes, suggesting a cozy, efficient layout. Its primary asset is the nearly 3,000 sqft lot, which is above average for the city and provides valuable outdoor space or future potential in a mature neighbourhood. The home features a renovated basement, adding functional space, but does not include a garage or pool. It sold recently for $230,000, a price point that was around average for its immediate street but below the wider Winnipeg average.

The appeal lies in its affordability and lot size within a well-established community. It suits first-time buyers seeking an entry into the market, downsizers looking for a manageable home with outdoor space, or investors interested in a property with a solid land base. A thoughtful perspective is that while the living space is modest, the renovated basement and sizable lot offer flexibility—whether for storage, hobbies, or future expansion—that isn't always available at this price point in the city.

Frequently Asked Questions

1. How does the recent sale price compare to the assessed value?
The home sold for $230,000 in May 2024, which is significantly higher than its $18,400 assessed value. This is common, as assessed values for tax purposes often don't reflect current market prices.

2. What does the "below average" living area mean for daily life?
At 660 sqft, the main floor living space is compact. It will likely feature a smaller number of rooms or combined living areas, requiring efficient use of space. The renovated basement is a key asset for adding functional room.

3. Is the lack of a garage a major drawback?
For some buyers, yes. However, the large lot provides ample space for off-street parking and potential to add a garage or shed in the future, which is a notable advantage over properties on smaller lots.

4. The home is over 100 years old. What should I consider?
While the basement has been renovated, a pre-purchase inspection is essential to understand the condition of major structural elements, plumbing, electrical, and the roof, which are typical focal points for older homes.

5. How does this property rank for investment or resale potential?
Its strongest long-term asset is the land, which is larger than most city lots. The below-average price per square foot of land could make it an attractive hold in a neighbourhood of mature properties, with value tied more to the lot than the current structure.