Property Overview: 259 Poplar Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1953 on a standard-sized lot in the Chalmers neighbourhood. Its key feature is a renovated basement, adding valuable finished space to the modest 520 sqft main floor. The home includes a detached garage.
The primary appeal lies in its affordability and efficiency. With a historically low sale price and assessed value well below city averages, it presents a clear entry point into the Winnipeg market. It suits first-time buyers, investors seeking a rental property, or downsizers who prioritize low maintenance and cost over square footage. The renovated basement is a significant asset, effectively doubling the usable living area and offering flexibility for a recreation room, home office, or separate suite potential (subject to regulations). While the living area is small compared to most homes, its lot size is typical for the area, offering balanced outdoor space without excessive upkeep.
Section 2: Frequently Asked Questions
1. Is the living area really only 520 square feet?
Yes, the above-ground living area is 520 sqft, which is notably compact. However, the renovated basement provides additional finished space, making the total usable area more substantial than the main floor suggests.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the property’s relatively small size, age, and the specific market values in its area. It is consistent with similar homes in Chalmers but is lower than the Winnipeg average due to the prevalence of larger, newer, or more highly valued properties city-wide.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing or inquiry with the listing agent is necessary to understand the full scope, quality, and permitted use of this space.
4. How does this property compare to others on the same street?
The data shows this home has a smaller living area and lower assessed value than most on Poplar Avenue. However, its lot size is around the street average, and it benefits from the basement renovation, which may not be reflected in the basic metrics.
5. What is the potential for this property?
Given its price point, the potential is for cost-effective living or investment. The renovated basement improves its move-in readiness, while the standard lot offers room for gardening or expansion, subject to zoning. It is a practical choice for those comfortable with a smaller main-floor footprint.