Property Overview
This one-and-a-half storey home on Washington Avenue in Chalmers presents a practical and renovated living space. Its key appeal lies in being a well-maintained, move-in-ready property with modern updates in an established neighbourhood. The home features a renovated basement and a detached garage, sitting on a manageable 2,955 sqft lot. Built in 1953, it is notably newer than many surrounding homes, and its 1,058 sqft of living space is above average for the immediate area. The assessed and recent sale values are modest, positioning it as an accessible entry point into the Winnipeg market. This property would suit first-time homebuyers, downsizers looking for a low-maintenance footprint, or investors seeking a renovated rental property with solid fundamentals.
Frequently Asked Questions
Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should confirm its status with the municipality if rental income is a key part of their plan.
How does the property compare to others on the street?
The home ranks above average for its year built and living area on Washington Avenue, meaning it's newer and larger than many direct neighbours. Its lot size is smaller than the street average, which can mean less yard maintenance.
What is the significance of the assessed value compared to the sale price?
The assessed value ($24.50k) and the 2021 sale price ($24.40k) are closely aligned, suggesting a stable and established value for the property, without the speculative pricing seen in some newer areas.
Are properties in this area increasing in value?
Nearby listings show a wide range of assessed values, from $20k to over $300k, indicating a diverse neighbourhood with both historic and newer homes. This suggests potential for value growth through property improvements.
What are the less obvious considerations for a home of this age?
While the 1953 build date is newer than many area homes, a pre-purchase inspection remains crucial to verify the condition of core systems (like plumbing and electrical) that may be original, despite the basement renovation. The detached garage may also be of a similar vintage.