Property Summary: 312 Ottawa Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1914, presents a unique opportunity centered on its generous living space and lot. With 1,136 sqft of living area, it offers significantly more interior room than most comparable homes on its street and in the Chalmers neighbourhood. The property sits on a 3,002 sqft lot, which is typical for the immediate area but smaller than the Winnipeg city average.
The primary appeal lies in its value proposition. The home recently sold for $27,600, which is well below the city-wide average and is reflected in a modest assessed value. This positions it as an accessible entry point into the market. It would suit a practical, value-conscious buyer—perhaps a first-time homeowner, an investor, or someone looking for a project—who prioritizes interior square footage over modern construction or a large yard. The detached garage adds functional utility. A thoughtful perspective is that its older vintage (1914) offers classic character potential, but buyers should be prepared for the maintenance and update needs typical of a 110-year-old structure.
Frequently Asked Questions
1. Is the low sale price a red flag?
Not necessarily. The price aligns with the home's low assessed value and is characteristic of the local market on Ottawa Avenue. It indicates a value-priced entry point, but a thorough inspection is always recommended to understand the property's condition.
2. How does the living space compare realistically?
Very favourably in its immediate context. The living area ranks in the top 14% on its own street, meaning it offers more interior room than 86% of similar nearby properties. This is a standout feature for the area.
3. What does the "below average" year built ranking mean?
It simply means the home (built in 1914) is older than most houses in Winnipeg. On its own street and in Chalmers, its age is much more typical. This ranking highlights that the city overall has many newer suburbs.
4. Who might this property not suit?
It may not suit buyers seeking a modern, turn-key home without renovation projects, or those prioritizing a very large private yard, as the lot size is standard for the neighbourhood.
5. Are the property taxes likely to be low?
Based on the historically low assessed value, the property taxes would likely be proportionally lower than for homes with a higher assessment. However, new assessments follow a sale, so future taxes may be adjusted.