Property Overview: 259 Chalmers Avenue
Key Characteristics & Appeal
This is a classic one-and-three-quarter storey home built in 1907, offering a blend of historic character and practical space. Its primary appeal lies in its generous living area of 1,128 square feet, which is notably above average for both the immediate street and the broader Chalmers neighbourhood. This makes it a more spacious option among its peers. The lot size is standard for the area, providing typical outdoor space without extensive maintenance demands.
The home’s assessed value is significantly below the Winnipeg city average, positioning it as an accessible entry point into the market. It suits a specific type of buyer: those who value older home charm and are prepared for a project, as the basement is noted as unrenovated. It would appeal to a practical first-time buyer, an investor looking for a character property with rental potential, or someone seeking a modest footprint in a central neighbourhood without a modern premium price tag. A thoughtful perspective is that its older vintage (119 years) offers authentic character but necessitates a thorough inspection and budget for potential updates, turning it into a canvas for personalized renovation rather than a move-in-ready modern home.
Frequently Asked Questions
1. What is the true condition of the home given its age?
The home was built in 1907. While the living space is generous, the listing specifically notes the basement is unrenovated. A professional home inspection is highly recommended to understand the condition of foundational elements, wiring, plumbing, and the roof.
2. Why is there such a large difference between the 2017 sale price and the current assessed value?
The home sold for $170k in 2017 but for $19.3k in late 2020. This drastic change typically indicates a shift in how the property is legally classified (e.g., from a single-family dwelling to a vacant lot or building slated for redevelopment) or may reflect a non-arms-length transaction. It is crucial to consult with a real estate agent to understand the title history and current zoning.
3. Is the living area spread over multiple floors?
Yes, as a one-and-three-quarter storey design, the 1,128 sq ft of living area is distributed over the main floor and a partial upper floor, which often features sloped ceilings and cozy bedrooms, consistent with homes of this era.
4. What are the immediate maintenance priorities?
Given the age and the noted basement condition, priorities likely include ensuring proper drainage and foundation integrity, updating older mechanical systems for efficiency and safety, and evaluating the windows and insulation for energy loss.
5. How does the property compare to nearby homes?
The home offers more living space than some close references on Martin Avenue. Its assessed value is currently aligned with similar-valued properties across various neighbourhoods, but it is older than most city-wide averages. This suggests you are purchasing primarily for the structure and location rather than the land value relative to the entire city.