Property Overview & Appeal
This one-storey home at 244 Ottawa Avenue is a compact, renovated character property on a standard-sized lot in Winnipeg's Chalmers neighbourhood. Built in 1931, its key appeal lies in its balance of original charm and modern updates, notably a renovated basement, which adds valuable finished space to the 832 sqft main floor. With a detached garage and a land area just over 3,000 sqft, it offers the practical essentials for urban living.
Its strongest suit is being consistently "around average" for its immediate street and neighbourhood in terms of lot size, living area, and assessed value. This positions it as an affordable and manageable entry point into the market. It would suit first-time buyers or downsizers looking for a low-maintenance, single-level home with some updates already in place, without the premium price of a larger or newer property. A thoughtful perspective for buyers is the value of its established location: the home is not an outlier in any metric on its street, suggesting a stable, integrated community feel without the pressure of over-improvement compared to immediate neighbours.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The provided details confirm the basement is renovated but do not specify if it is a legal, rentable suite. This is a critical point to verify with the listing agent and city permits, as it impacts value, insurance, and utility costs.
2. How does the assessed value relate to the likely sale price?
The home last sold for $21,700 in early 2025, closely aligning with its $20,800 assessed value. This suggests the market price is likely grounded in these official valuations, but current conditions and the renovated basement will be the ultimate determinants.
3. What are the implications of the home's age?
Built in 1931, the home is older than the Winnipeg average. While the basement renovation is a plus, a pre-purchase inspection is highly advised to assess the condition of original components like the foundation, plumbing, and wiring.
4. The living area is below the city average. Is the space practical?
At 832 sqft plus the renovated basement, the home is compact. It is, however, typical for its street. This efficiency may mean lower utility costs and less upkeep, but it requires thoughtful space planning. The renovated basement effectively extends the liveable area.
5. How does this property rank for investment or resale?
Its metrics show it is a very typical property for Chalmers and Ottawa Avenue. This can be an advantage for resale, as it should appeal to the same pool of buyers looking for an affordable, updated starter home in the area. Its value is less likely to be swayed by unusual features or extremes.