Property Overview: 335 Martin Avenue W, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1956, situated on a standard city lot in the Chalmers neighbourhood. Its primary appeal lies in its value proposition and specific, modernized feature. The home is notably smaller in living space (684 sqft) compared to most in the area, which positions it as an affordable entry point into the market. A significant highlight is the renovated basement, adding functional space and immediate livability without the need for a major project.
The property would suit first-time buyers or investors seeking a straightforward, lower-maintenance footprint with at least one updated element. It’s less suited for those requiring ample above-ground living space or a garage. A thoughtful perspective: while the house itself is modest, its 1956 build date is actually newer than many homes on its street and in Chalmers, potentially meaning fewer concerns with the very old mechanical systems or foundations common in century-old homes. The lot size, while below average for the city, is typical for the neighbourhood, offering manageable outdoor upkeep.
Frequently Asked Questions
1. Is this a tiny home?
While not officially categorized as such, its 684 sqft living area is significantly smaller than the Winnipeg average. The renovated basement does provide additional space, but the main floor footprint is compact.
2. What does "renovated basement" likely include?
The details aren’t specified, but in this context it typically means finished living space—likely including drywall, flooring, and lighting—making it usable as a rec room, office, or additional bedroom. It’s advisable to confirm the scope, permits, and moisture control.
3. Why is the assessed value so much lower than the recent sale price?
Municipal assessed value for tax purposes often lags behind market value and is calculated using mass appraisal techniques. The sale price of $21.5k reflects the current market agreement between buyer and seller, which can be influenced by factors like the renovated basement and immediate sale conditions.
4. What are the implications of having no garage?
Parking will be on-street. This means considering winter parking bans, the availability of space in front of the home, and where to store tools, bicycles, and seasonal items. The basement renovation may offer some storage solutions.
5. How does the property compare to its neighbours?
It sits among a mix of older homes. It is newer than many on the block (like the comparable 1907-built homes listed), but has less living area than several direct comparables. This underscores its role as a more modern, yet more compact, option on the street.