Property Overview: 283 Bowman Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, century-old one-and-a-half storey home in Winnipeg's Chalmers neighbourhood, built in 1913. Its key characteristics include a modest 610 sqft of living space, no basement or garage, and a 2,502 sqft lot. The home last sold in October 2021 for $9,500 and carries a low assessed value.
The primary appeal lies in its land value and potential as a foundational investment. The lot size is notably larger than many city-wide averages, offering a relative rarity: space in the city. This property suits a specific type of buyer: those looking for an affordable entry into the housing market, perhaps as a land-hold with the existing structure providing some utility, or for investors or builders considering a future teardown and rebuild. Its extremely low price point makes it accessible for cash buyers or those seeking minimal property tax and holding costs while making plans. It is not suited for buyers seeking a move-in ready or conventionally spacious family home.
Section 2: Frequently Asked Questions
1. Why is the sale price and assessed value so low?
The low values reflect the age, very small living area, and lack of modern amenities or updates. The price is primarily for the land, with the existing structure likely adding minimal value.
2. Is this a teardown property?
Given the home's age, size, and condition (implied by its value), it is a strong candidate for redevelopment. Buyers should budget for demolition costs and consult the city for zoning and rebuild regulations.
3. What can the land be used for?
The lot could accommodate a new single-family home. A crucial first step is to verify the zoning with the City of Winnipeg to understand permissible building size, setbacks, and any other restrictions.
4. Are there any major issues to be aware of?
Given the age and the absence of a basement, special attention should be paid to the foundation, plumbing, electrical systems, and overall structural integrity. A thorough inspection is essential.
5. How does the lot size compare practically?
While the lot is below average for Chalmers and Winnipeg overall, it is around average for Bowman Avenue itself. This means it offers more usable outdoor space than many immediate neighbours, but may still feel constrained for larger projects compared to other areas.