Property Overview
This 1923 one-storey home at 324 Washington Avenue in Winnipeg's Chalmers neighbourhood presents a specific and practical value proposition. Its key appeal lies in the combination of a renovated basement and a land size that is well above average for both the immediate street and the broader area. With 4,431 sqft of land, the property ranks in the top 24% on its street and the top 18% in Chalmers, offering more outdoor space than most comparable local listings. The 814 sqft living area is modest and typical for the area, positioning this as a compact, efficient home. The detached garage adds practical storage or workshop space.
The property would suit a pragmatic, value-oriented buyer—perhaps a first-time homeowner, an investor, or someone looking to downsize—who prioritizes land potential and a renovated basement over a large interior. Its recent sale price and assessed value are significantly below the citywide average, indicating an accessible entry point into the market. A thoughtful perspective is that the generous lot, paired with the home's smaller footprint, offers clear potential for future expansion, gardening, or outdoor living, which is a rarity in this price segment. It’s a home that offers more future flexibility than its current structure might suggest.
Frequently Asked Questions
1. How does the property's value compare to the area?
The home's sale and assessed values are consistently below the Winnipeg citywide average but are competitive within the Chalmers neighbourhood. This suggests you are paying primarily for location and land within a specific community, rather than for a large or modern house.
2. What does "renovated basement" imply?
While specific finishes aren't detailed, a renovated basement typically means the space is finished as livable area, potentially adding functional square footage for a recreation room, office, or additional bedroom, which is a significant asset in a smaller home.
3. Is the older age of the home (1923) a concern?
The year built is typical for the street and area. While it may imply a need for attention to original components like windows or plumbing, it also often means character and established, mature landscaping on the sizable lot.
4. Who might this property NOT suit?
It may not suit buyers seeking a large, move-in-ready modern interior or those who prefer a low-maintenance lifestyle without yard upkeep. The appeal is geared toward those who see potential in the land and are comfortable with a compact main living space.
5. How does the lot size benefit a buyer?
The above-average lot is the home's standout feature. It provides valuable outdoor space for families or pets, room for additions like a deck or shed, and a sense of openness that smaller lots don't offer, all within an urban neighbourhood.