304 Chalmers Avenue

Property Overview & Key Characteristics

This one and three-quarter storey home, built in 1911, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its land value and functional layout. The 3,380 sqft lot is modest for the street but offers usable outdoor space. With 1,048 sqft of living area, the home itself is sized above average for its immediate area, providing decent interior space. A key feature is the detached garage, adding utility for storage or parking. It's important to note the home includes a basement, but it is not renovated.

The property would best suit a value-oriented buyer looking for a footprint to build upon. This could be a hands-on investor, a first-time buyer comfortable with a project, or someone seeking an affordable entry into the neighbourhood with plans to renovate or expand over time. Its above-average assessed value for the local area suggests it is viewed as a solid asset within its specific market context, rather than a city-wide comparison. The recent sale history indicates active interest and a rising value trend on this street.

Frequently Asked Questions

1. What does "one and three-quarter storey" mean for this home?
This style typically features a main floor and a second floor where the ceilings slope with the roofline, often creating cozy bedrooms or unique spaces. For a 1911 home, it means character but may also mean less conventional room shapes.

2. The assessed value seems low compared to the city-wide average. Why?
The assessed value is primarily for municipal tax purposes and is heavily influenced by the local market. In this case, the value is actually above average for both the street and the broader Chalmers neighbourhood, which is the more relevant comparison for understanding its standing.

3. The basement is noted as "not renovated." What should I expect?
For a home of this age, this likely indicates a classic, functional cellar space with concrete walls and floor, housing the furnace and utilities. It provides storage and potential, but not finished living space.

4. How does the lot size impact potential for additions or a garden?
At 3,380 sqft, the lot is smaller than many in Winnipeg but is a fairly standard size for the neighbourhood. It allows for a backyard and the detached garage. Any future expansion would need to carefully consider lot coverage bylaws, but the size is workable.

5. The home sold recently in 2022. What does that rapid sale history suggest?
The sale in 2022 at a price higher than the 2019 sale suggests strong and growing demand for properties on this specific street or in this price segment. It indicates the area is active, but buyers should investigate what, if any, changes were made between those sales.