Property Overview: 314 Union Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1914, presents a classic Winnipeg character property with practical potential. Its key appeal lies in its solid, average positioning within the established Chalmers neighbourhood. With 980 sqft of living space and a 3,445 sqft lot, it offers a manageable footprint for a first home, downsizer, or investor. The detached garage and existing (though unrenovated) basement add functional value.
The home suits buyers looking for an entry point into the market with a property that is neither an outlier nor a major project relative to its immediate area. Its assessed value and recent sale price are consistently below the Winnipeg city-wide average, suggesting an opportunity for those priced out of newer or larger homes. A thoughtful perspective is that its very "averageness" on the street and in the neighbourhood could mean less competition and more predictable long-term value movement compared to more unique properties. It’s a straightforward canvas for someone who values location and lot size over modern finishes.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No, the basement exists but is noted as not being renovated. Buyers should budget for any desired improvements and consider a thorough inspection for a home of this age.
2. How does the lot size compare?
The land is just above the average size for both Union Avenue W and the Chalmers area, offering a bit more outdoor space than many immediate neighbours, which is a positive in an older community.
3. What does the "Top 94%" city-wide sale price ranking mean?
This indicates the home’s last sold price was below 94% of comparable sales across Winnipeg. It highlights that this property represents a more affordable price point within the broader city market.
4. Are there similar homes nearby for comparison?
Yes. Nearby properties on the same street are of similar vintage and scale. For example, 307 Poplar Avenue (built 1913, 934 sqft) and 257 Martin Avenue W (built 1910, 1,080 sqft) provide relevant benchmarks for style, age, and value in Chalmers.
5. What is the potential downside of a 1914 build?
While the home is around the average age for its neighbourhood, a 110+ year-old property will likely require ongoing maintenance and updates to major systems (like plumbing, wiring, or the roof). The appeal of character comes with the responsibility of diligent upkeep.