Property Overview: 289 Washington Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1945, sits on a 4,003 sqft lot in the Chalmers neighbourhood. Its primary appeal lies in its balance of established character and practical updates, notably a renovated basement. With 1,080 sqft of living space, it offers more room than many comparable homes on its street and in the immediate area. The property features a detached garage.
The home’s metrics reveal a thoughtful perspective: while its lot size and living area are above average for its local context, its city-wide assessed value is modest. This positions it as a practical entry point into the market or a savvy investment in a stable neighbourhood. It would suit first-time buyers seeking a move-in-ready home with some updated features, or an investor looking for a property with solid fundamentals in a non-premium segment. The appeal is grounded in value relative to its immediate surroundings rather than luxury amenities.
Frequently Asked Questions
1. How does the renovated basement add value?
A finished basement increases the usable living space, which is a key factor in the home’s above-average living area for the neighbourhood. It provides flexible space for recreation, storage, or a home office without the need for immediate investment.
2. Is the lot size a pro or con?
At just over 4,000 sqft, the lot is manageable for upkeep but still offers decent outdoor space for a city property. It’s larger than many lots in Chalmers, providing a slight advantage in privacy and potential for gardening or entertaining compared to tighter neighbouring plots.
3. What does the assessed value versus sale price indicate?
The home recently sold for $28,600k, which is higher than its $24,100k assessed value. This is common, as assessed values for tax purposes often lag behind market prices. The sale price suggests buyers perceived value in the renovations and location beyond the official assessment.
4. Who might the detached garage benefit most?
A detached garage is ideal for owners who value a dedicated workshop space, secure storage for tools or seasonal items, or who prefer not to have vehicle fumes attached to the house. It offers flexibility that an attached garage does not.
5. How does the year built (1945) affect the home?
Homes from this era often feature solid construction and simpler, functional layouts. Buyers should anticipate character-appropriate updates, such as older windows or plumbing, but can also expect a potentially more straightforward floor plan to modernize over time compared to much older properties.