Property Summary: 290 Winterton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1921 on a generously sized lot in the Chalmers neighbourhood. Its primary appeal lies in its land value and location-specific context. The 4,098 sqft lot is notably larger than most in the immediate area and the wider Chalmers neighbourhood, offering above-average outdoor space and potential. The home itself is modest, with 720 sqft of living space and an unrenovated basement, reflected in its well-below-city-average assessed value.
This property would suit a specific type of buyer: those looking for a land-play, a starter home with yard space, or a hands-on project. Its value is grounded more in its parcel of land than in its current structure. A thoughtful perspective is that while the home ranks below average in many city-wide metrics, it is much more typical for its established local street and neighbourhood, representing an affordable entry point into the area. The detached garage adds practical utility. It’s a property for a buyer who sees potential in the lot and is prepared to update a classic Winnipeg one-storey home.
Section 2: Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily reflects the home’s age, size, and condition (including the unrenovated basement). It is more in line with neighbourhood averages, suggesting it's priced for its local market context rather than being an outlier.
2. What does the lot size ranking mean for me?
The land is in the top 30% on its street and top 22% in Chalmers for size. This means you're getting more yard space than most nearby properties, which could be used for gardening, expansion, or simply more privacy.
3. The home is small. Is there room to expand?
The significant lot size relative to the house footprint suggests potential for additions or a larger backyard development, subject to city zoning and permit approvals. The existing basement also offers future renovation space.
4. How does the recent sale history inform the current price?
The home sold for $18.3k in 2021 and $13.2k in 2019. This indicates a market for value-driven properties in the area. The increase suggests some upward movement, but prices remain accessible compared to the city-wide average.
5. What is the neighbourhood context for a home built in 1921?
In Chalmers and on Winterton Avenue, a 1921 build date is common. You are buying into an established, historic streetscape. While this means older home systems, it also means character and mature infrastructure.