Property Overview: 270 Bowman Avenue, Winnipeg
Key Characteristics & Appeal
This home is a classic one-and-a-half storey property built in 1945, situated on a notably spacious 5,000 sqft lot in the Chalmers neighbourhood. Its key features include a renovated basement and a detached garage. The living space is a comfortable 954 sqft.
The primary appeal lies in its land. The lot size is in the top 4% for Bowman Avenue and the top 11% for the broader Chalmers area, offering significant outdoor space that is increasingly rare for homes of this vintage and price point. While the house itself is modest in size compared to the citywide average, it presents a solid, above-average value within its immediate context, as reflected in its assessed value ranking in the top 15% for the street and neighbourhood.
This property would suit a first-time buyer, a downsizer, or an investor looking for a character home with a great yard-to-footprint ratio. It’s for someone who values outdoor potential and a stable, established community over brand-new construction or expansive square footage. The recent sale in August 2024 suggests it’s move-in ready, and the renovated basement adds functional living space.
Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg homes?
At 5,000 sqft, the lot is above the citywide average for comparable homes. It offers more outdoor space than most properties in its class, which is a significant advantage for gardening, recreation, or future expansion.
2. Is the assessed value a good indicator of the market price?
The assessed value ($27,200) is for municipal tax purposes. The home sold for $290,000 in August 2024, which is the true market indicator. This sale price was in the top 8-9% for the street and neighbourhood, showing strong demand for properties with these characteristics in this area.
3. What does the "one-and-a-half storey" design mean?
Typically, this style features a main floor with principal rooms and a second floor under sloped roofs, often containing cozy bedrooms. It's a charming, traditional layout common to homes of this era.
4. The home was built in 1945. What should I be aware of?
While the basement has been renovated, a home of this age will have vintage character and may require updates to original components like windows, plumbing, or electrical systems. A thorough inspection is recommended.
5. How stable is the property value in this location?
The significant price increase from its 2019 sale of $23,500 to $290,000 in 2024 indicates strong appreciation. Its consistent above-average rankings for lot size and value within its immediate area suggest it is a well-regarded property in a stable neighbourhood context.