Property Overview: 316 Ottawa Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Chalmers, built in 1915, presents a unique value proposition centered on space and potential. Its primary appeal lies in its generous 1,258 sqft living area, which ranks well above average for both its immediate street and the broader neighbourhood, offering more interior room than many comparable properties. The home sits on a standard 3,002 sqft lot and features a detached garage and a renovated basement, adding functional space.
The data reveals a thoughtful perspective: this is a property that outperforms its local context. While its age and citywide assessed value are below average, it stands out in its immediate area for its larger living space and above-average assessed value for the street. This suggests a home that has been maintained or updated relative to its peers. It would suit a practical buyer looking for a character home with established interior space in a neighbourhood setting, possibly a first-time homeowner or an investor who recognizes value in a property that already shows well within its specific market circle. The recent 2023 sale also indicates a known, modern transaction price for market comparison.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing notes the basement is renovated, but specifics on finish quality, ceiling height, legal compliance, and moisture control should be verified by a buyer's inspection.
2. How does the low assessed value affect property taxes?
The assessed value is significantly below the citywide average, which typically results in lower municipal property taxes compared to newer or larger homes in other areas, a potential ongoing cost savings.
3. What is the condition of major aging components?
Given the home's age (111 years), inquiries should focus on the roof, foundation, plumbing, electrical systems, and any previous updates to these critical elements.
4. How does the living area compare functionally?
While the living area is generous for the area, the one-and-a-half storey layout may mean space is distributed over multiple levels. Understanding the room sizes and flow on each floor is important.
5. What is the neighbourhood context of Ottawa Avenue?
The data shows homes here are typically older with smaller lots than the city average. Researching street-specific factors like traffic, parking, and the mix of owner-occupied versus rental properties would provide useful context.