Property Overview
This one-and-three-quarter storey home on Martin Avenue W in Chalmers presents a straightforward opportunity. Built in 1920, it sits on a modest 2,213 sqft lot and offers 960 sqft of living space, with an unrenovated basement and a detached garage. Its key appeal lies in its position as an affordable, no-frills entry point into the Winnipeg market. The home’s assessed value and recent sale price are significantly below the city-wide average, making it one of the more accessible listings. It suits a practical buyer—perhaps a first-time purchaser, an investor looking for a rental property, or someone seeking a modest footprint without a large mortgage. Its lot size is smaller than most in the immediate area, which could be seen as a drawback for expansion, but also means less maintenance. A thoughtful perspective is that this property represents the "bones" of a home in an established neighbourhood; its value is in the land and the structure's potential, not in current finishes or size.
Frequently Asked Questions
1. Is the basement finished or usable for living space?
No, the basement is noted as "not renovated." It provides functional space for utilities and storage but is not a finished living area.
2. How does the property's lot size compare to others?
The land area of 2,213 sqft is below average for the street, the Chalmers neighbourhood, and Winnipeg overall. This means outdoor space is limited, but it also translates to less yard work.
3. What does the "one & 3/4 storey" building type mean?
This is a common Winnipeg architectural style, typically featuring a main floor and a second floor where the ceilings slope with the roofline, creating cozy but potentially space-efficient rooms.
4. The assessed value seems very low. Why is that?
The assessed value is for municipal tax purposes and reflects the property's market value estimate by the city. Its low value here is consistent with the home's modest size, age, and the below-average sale prices in this specific area compared to the wider city.
5. Are homes on this street typically older?
Yes. The data shows the average year built for comparable homes on Martin Avenue W is 1934, so this 1920 home is slightly older but generally in line with the street's character.