Property Overview: 297 Poplar Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1913 on a standard city lot in the Chalmers neighbourhood. Its primary appeal lies in its renovated basement, which adds functional living space to the modest 680 sqft main floor. The home features a detached garage.
The property presents a specific value proposition. Its assessed value is above average for Chalmers, suggesting it is in better condition or has more desirable features than many neighbourhood homes, yet it remains well below the citywide average for price. This combination makes it a potential opportunity for first-time buyers or investors seeking an entry point into the market with a move-in-ready basement suite (if legally permitted). The smaller living area and older age mean it will likely suit those looking for a low-maintenance footprint or a strategic hold in a neighbourhood where the land itself holds long-term value. A thoughtful perspective is that while the home is among the smallest and oldest on its street, it outperforms many citywide peers in value retention for its assessed price point, indicating a solid, no-frills investment in a stable area.
Frequently Asked Questions
Is the basement renovation legal and permitted?
This should be a primary verification step. While listed as "renovated," you must confirm with the city that any secondary suite or significant renovations have the proper permits and comply with current codes.
How does the above-average assessment for the neighbourhood affect property taxes?
The assessed value is in the top 28% for Chalmers. Buyers should inquire about the current annual property tax amount, as it may be proportionally higher than neighbouring, lower-assessed homes.
What is the typical makeup of the immediate area?
Given the home's age and size, research whether the immediate block consists mainly of similar older, smaller homes or if there is a mix of newer, larger redevelopments, which can influence future property values and the character of the street.
Are there any major upcoming expenses common to homes of this age?
Built in 1913, core systems like the roof, foundation, plumbing, and electrical may have been updated, but a thorough inspection is crucial to identify the remaining lifespan of these major components.
How does the detached garage condition and access compare to the main house?
The garage adds valuable storage or workshop space. Assess its condition, the ease of access from the alley, and whether it requires any significant maintenance separate from the house.