Property Overview: 300 Ottawa Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1933 on a standard-sized lot in the Chalmers neighbourhood. Its key feature is a renovated basement, adding valuable functional space to the 756 sq ft main floor. The home has no garage or pool.
The primary appeal lies in its affordability and practicality. It recently sold for $150k, a price point significantly below the Winnipeg city average, making it an accessible entry into homeownership. The renovated basement offers immediate utility without the need for a major project. This property would suit first-time buyers, investors looking for a rental property, or downsizers seeking a low-maintenance, cost-effective home. Its average rankings for lot size and assessed value within its immediate area suggest it fits the local streetscape without standing out as unusually large or small.
A less obvious perspective is that its below-average living area citywide positions it as a truly minimalist option, potentially appealing to those intentionally seeking a smaller footprint. Additionally, while older, its year-built is typical for the area, meaning renovation materials and trades are likely familiar with homes of this era.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics aren't listed, a "renovated basement" in a home of this age and price point typically means it has been finished into a usable living space, such as a rec room or additional bedrooms, and includes basic elements like drywall, flooring, and ceiling. It’s important to verify the quality, permits, and moisture control.
2. How does the $150k sale price compare?
The sale price is well below the Winnipeg average. For the Chalmers neighbourhood and Ottawa Avenue street specifically, it ranks in the bottom 15-20% of sale prices, confirming its status as a notably affordable option in the area.
3. What are the implications of having no garage?
Parking will be on-street. This is common for older neighbourhoods but is a consideration for vehicle security and winter convenience. The lot size is typical for the street, so adding a garage later would likely require significant investment and reduce yard space.
4. Is the assessed value a good indicator of the market price?
Not directly. The assessed value for this home is approximately $22,100, which is used for calculating property taxes. The recent sale at $150k is the true market indicator, showing that assessed value can be substantially different from market value.
5. What can nearby property assessments tell me?
Looking at the provided nearby examples, assessed values on Ottawa Avenue are relatively consistent (e.g., $20.3k at #311). This suggests a stable, homogenous area without extreme outliers, which can indicate predictable property taxes and neighbourhood character.