Property Summary: 241 Martin Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1913, presents a classic character property with practical updates. Its key appeal lies in offering more interior space than most comparable homes in its immediate area, featuring 1,218 sqft of living area which ranks well above the local average. The home sits on a standard city lot and includes a detached garage. A significant feature is the renovated basement, adding valuable finished space.
The property would suit first-time buyers or practical downsizers looking for a character home in Chalmers without the premium price tag of a fully modernized property. Its above-average interior size for the street and neighbourhood is a major draw for those needing more room but wanting to stay within a specific budget. The renovated basement adds flexibility for a home office, recreation room, or extra storage. A thoughtful perspective is that while the home is older, its assessed value is consistent with the local area, suggesting it’s not overvalued relative to its peers, which can be a stable starting point for investment.
Section 2: Frequently Asked Questions
1. How does the living space compare to nearby homes?
This home offers significantly more living area (1,218 sqft) than the average comparable home on its street (948 sqft) and in the Chalmers neighbourhood (953 sqft).
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on the finish quality, ceiling height, permits, and moisture control should be verified through a viewing and inspection.
3. Is the detached garage a standard size?
The listing notes a detached garage but does not specify its dimensions or condition. This would be an important point to assess in person for vehicle fit or storage needs.
4. How recent was the last sale, and at what price?
The property sold previously in May 2021 for $230,000. This provides a recent benchmark for market value in the area.
5. Are properties on this street similar in age and style?
Yes. Nearby reference properties were built between 1910 and 1914, indicating a consistent streetscape of early 20th-century, character homes, which can be positive for neighbourhood cohesion and value.