Property Overview: 242 Chalmers Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its key features include a renovated basement and a detached garage on a 4,102 sqft lot. The appeal lies in its solid positioning within its immediate area: the living space (1,119 sqft) is notably above average for both the street and the neighbourhood, offering more room than many comparable homes. The lot size is also generous for the local context. A thoughtful perspective is that while the home is older, its assessed value ranks well above average locally, suggesting it is viewed as a solid asset within the community. This property would suit a first-time buyer or an investor looking for a character home with updated fundamentals (like the basement) in an established neighbourhood, where the value is derived more from its local standing than city-wide comparisons.
Frequently Asked Questions
1. How does the lot size compare?
The land area of 4,102 sqft is above average for the Chalmers neighbourhood and about average for Chalmers Avenue itself, offering good outdoor space for the area.
2. Is the living space typical for a home of this era and style?
No, it's actually a standout feature. The living area is in the top quarter for both the street and the broader neighbourhood, meaning it offers more interior space than most direct comparables.
3. What does the assessed value indicate?
The assessed value ranks in the top 21% for the neighbourhood, which is positive. However, it's important to note this is well below the Winnipeg city-wide average, highlighting the property's affordability and the variation in values across different city districts.
4. Are there any recent comparable sales nearby?
The provided data references two nearby homes on Martin Avenue W, both older (built 1910-1914) with similar living areas and assessed values, offering a benchmark for pre-renovated or different-condition homes in the same vicinity.
5. What is the condition of the major systems given the home's age?
While the listing confirms a renovated basement, the age of major systems like roof, plumbing, and electrical should be verified through a professional inspection, as the home is over 75 years old.