292 Washington Avenue

Property Overview: 292 Washington Avenue, Winnipeg

Key Characteristics & Appeal

This is a compact, one-storey home built in 1946, situated on a standard-sized lot in the Chalmers neighbourhood. Its key features include a renovated basement and a detached garage. The primary appeal lies in its position as an affordable, no-fuss entry point into the Winnipeg market. With a living area of 600 sqft, it is notably smaller than most homes in the city, which translates to lower utility costs and minimal upkeep. The recently renovated basement adds valuable flexible space, potentially for storage, a workshop, or a recreational area.

This property would suit a very specific buyer: first-time purchasers or investors seeking a straightforward, low-maintenance asset. It’s ideal for someone who prioritizes financial accessibility over space, or for an investor looking for a manageable rental property. A thoughtful perspective is that its smaller scale and average lot size for the area offer a chance for a simpler lifestyle without the burdens of a large yard or excessive interior space to maintain. Its assessed value is consistent with the immediate neighbourhood, suggesting it’s priced appropriately for the locale rather than standing out as over- or under-valued.

Frequently Asked Questions

1. How does the home's size compare to others?
At 600 sqft of living area, this home is significantly smaller than average for its street, the Chalmers neighbourhood, and Winnipeg as a whole. It represents a compact living arrangement.

2. What is the significance of the renovated basement?
The renovated basement is a key feature, effectively expanding the usable space of this smaller home. It provides flexibility for storage, laundry, a home office, or recreational use.

3. Is the lot size typical for the area?
Yes. The land area of just under 3,000 sqft is slightly below average for Washington Avenue but is around the typical size for the broader Chalmers neighbourhood.

4. Who might this property not suit?
It would likely not suit growing families needing multiple bedrooms, those who work from home and require dedicated office space, or buyers who entertain large groups frequently, due to the limited interior living area.

5. How does the year built affect the property?
Built in 1946, the home is of a similar vintage to many on its street and in Chalmers. Buyers should factor in potential maintenance or updates common to houses of this era, balanced by the character and established neighbourhood feel.