249 Gordon Avenue

Property Overview

This one-storey home at 249 Gordon Avenue in Winnipeg's Chalmers neighbourhood is a compact, character property built in 1907. Its primary appeal lies in its renovated basement and its position as an affordable entry point into the market, having last sold for $150k in August 2023. The lot size is notably above average for the immediate street, offering more outdoor space than many neighbouring properties.

The home would best suit a first-time buyer, an investor, or someone looking to downsize with a modest budget. Its smaller living area (798 sqft) suggests a simple, efficient layout rather than spaciousness. A thoughtful perspective is that while the home ranks below average in size and year built city-wide, it holds its own within the local context of Gordon Avenue, indicating it's a typical offering for this specific, established street. The very low assessed value points to significant potential for equity growth through updates, but also signals that the current investment in the structure itself is modest.

Frequently Asked Questions

1. What does the "renovated basement" likely include?
While specifics aren't listed, a renovation in a home of this age and value typically means functional improvements for livability, such as updated flooring, drywall, and lighting to create a usable rec room, laundry area, or storage space. It may not be a legal secondary suite.

2. Is the low assessed value a concern?
Not necessarily. It primarily reflects the municipality's valuation for tax purposes, which often lags behind market value for older, smaller homes. The recent sale price of $150k is a more current indicator of its market worth.

3. What are the implications of having no garage?
This is common for homes of this era. Buyers should plan for street parking and consider the practicality of Winnipeg winters. The above-average lot size, however, may offer room for a future shed or parking pad, subject to city bylaws.

4. How does the 1907 build date affect the home?
It guarantees character but requires a pragmatic outlook. While the basement has been renovated, buyers should prioritize inspections for the foundational structure, original wiring, and plumbing. The charm comes with the responsibility of maintaining an older asset.

5. The home sold recently; is this a flip?
The 2023 sale and current listing could indicate an investor's quick resale. It's wise to ask what work, if any, was completed in the last year and to verify that any renovations were done with proper permits.