Property Overview: 291 Poplar Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, century-old home (built 1907) on a standard city lot in the Chalmers neighbourhood. Its key characteristics are its modest 900 sqft living space, an unrenovated basement, and the absence of a garage or pool. The home’s assessed value is notably low, reflecting its age and condition.
The primary appeal lies in its potential as an affordable entry point into the Winnipeg market. It suits buyers looking for a straightforward project home, an investment property with a low entry cost, or those interested in the character of a historic, early-1900s build. A thoughtful perspective is that the lot size, while below average for its specific street, is actually quite typical for the Chalmers area, offering standard outdoor space without the maintenance burden of a larger yard. This property is not for those seeking move-in readiness, but rather for the practical investor, the hands-on renovator, or the buyer prioritizing land value and location over the current state of the dwelling.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value primarily reflects the home’s age, smaller size, and the fact it has not been recently renovated or updated, placing it in a different category than modern or upgraded homes.
2. What does “One & 3/4 Storey” mean for the building type?
This typically describes a home with a full main floor and a second floor where the ceilings may slope with the roofline, often creating cozy but potentially limited headspace in parts of the upper level.
3. Is the unrenovated basement finished or usable?
The listing specifies it is “not renovated,” which generally means it is in a rough, unfinished state (concrete floors, exposed framing/mechanicals). It offers storage and utility space but would require work to become a living area.
4. How does the lot size compare practically?
While smaller than others on Poplar Avenue, the 3,396 sqft lot is very close to the average for the broader Chalmers neighbourhood, indicating it’s a standard city lot for the area.
5. What is the significance of the 2019 sale price?
The prior sale at $10,500 provides a historical data point, but it should not be taken as a direct indicator of current market value, which is influenced by present-day market conditions, interest rates, and any changes made to the property since.