Property Overview
This 1914 one-and-a-half storey home at 262 Chalmers Avenue presents a straightforward, value-oriented opportunity in Winnipeg's Chalmers neighbourhood. With 928 square feet of living space, a detached garage, and an unrenovated basement, its key characteristics are its modest scale and its historically low price point, evidenced by a recent 2023 sale and assessed value both under $20,000. The lot size of 3,331 sq ft is smaller than average for the street but is typical for the central neighbourhood.
The appeal lies primarily in its affordability and potential. It suits a very specific buyer: an investor looking for a rental property with minimal entry cost, a hands-on buyer planning a gradual, sweat-equity renovation, or someone seeking the absolute most economical entry into homeownership. A less obvious perspective is that its smaller lot and home size translate to lower ongoing utility and maintenance costs, which can be a significant long-term advantage. Its "around average" metrics within the immediate area suggest it's a typical property for Chalmers, offering a stable, no-frills investment in a mature community.
Frequently Asked Questions
1. Why is the price so low?
The price reflects the home's age, modest size, and the condition of its unfinished basement. It is positioned as a value purchase, likely requiring updates and cosmetic improvements.
2. What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor and a second floor with sloped ceilings (under the roofline), which often contains bedrooms. The 928 sq ft living area includes both floors.
3. How does the lot size compare?
At 3,331 sq ft, the lot is smaller than most on Chalmers Avenue but is very close to the average for the broader Chalmers neighbourhood. It provides a manageable yard space.
4. Is the basement usable?
The basement exists but is noted as "not renovated." It likely provides fundamental utility space and storage but will require work to finish as living space.
5. What is the neighbourhood like?
Chalmers is an established, older Winnipeg neighbourhood. The property's metrics (year built, living area, value) are all around average for the area, indicating it's characteristic of this community's housing stock.