Property Overview & Key Characteristics
This one-and-a-half storey home, built in 1913, presents a straightforward opportunity centered on its land and living space. Its primary appeal lies in the combination of a larger-than-average lot for the immediate area and above-average interior living space for both the street and the Chalmers neighbourhood. While the home itself is older than most and the basement is unrenovated, it sits on a nearly 3,000 sqft lot, which is a notable asset in an urban setting.
The property suits practical buyers looking for a footprint to build upon. It’s a potential match for an investor or handy homeowner who sees value in the underlying land and the solid interior square footage, viewing the older components as a canvas for renovation or redevelopment. The very low assessed value underscores its as-is condition, making it a base-level entry point into the market. A thoughtful perspective is that this home outperforms many of its direct neighbours in living area, offering more immediate usable space than typical for the block, which could appeal to someone prioritizing interior size over modern finishes.
Frequently Asked Questions
1. What does "one-and-a-half storey" mean for this home?
This style typically features a main floor with a steeper roof line, where the upper level has slightly less floor area due to sloped ceilings. It confirms the home’s classic, older character.
2. How significant is the lot size here?
At 2,959 sqft, the lot is below the Winnipeg city average but is actually larger than most lots on Washington Avenue and in the Chalmers area. This suggests better-than-average outdoor space or redevelopment potential for this specific location.
3. The assessed value seems very low. What does that indicate?
The assessed value is well below averages at every level (street, neighbourhood, and city). This primarily reflects the home’s older age, unrenovated state, and the very low historical sale price from 2018, not necessarily the full market potential of the land and structure.
4. What should I make of the unrenovated basement?
This is a key consideration. It means the basement space is functional but in original or utilitarian condition. Any finishing or significant repairs would be the responsibility of the new owner, which should be factored into planning and budget.
5. Who are the most likely buyers for this property?
It’s best suited for value-driven buyers: investors, those seeking a renovation project, or first-time buyers willing to trade modern updates for more interior and land space at a lower entry point. Its profile is that of a foundation asset rather than a move-in-ready home.