Property Overview
This one-storey home at 337 Martin Avenue W in Winnipeg's Chalmers neighbourhood is a compact, century-old property built in 1916. Its key appeal lies in its position as an affordable entry point into the market, characterized by a modest 680 sqft living area and an unrenovated basement. The lot size of 2,264 sqft is smaller than most in the immediate area but is typical for the city core. It features a detached garage. The home last sold in 2017 for $17,100, with a current assessed value slightly higher at $18,200.
Key Characteristics & Ideal Buyer
This property is defined by its practicality and potential rather than move-in-ready finishes. Its primary appeal is its low financial barrier to entry, making it one of the most accessible priced homes in the wider Winnipeg area. The smaller scale means lower utility costs and less maintenance, while the lot still offers outdoor space. It would suit a first-time buyer comfortable with a project, an investor looking for a straightforward rental property, or someone seeking a minimalist footprint. A thoughtful perspective is that its age and smaller size place it in a category that is becoming rarer in the city, potentially holding a unique value for the right owner who appreciates its simplicity and history.
Frequently Asked Questions
1. What does "unrenovated basement" typically imply?
It usually means the basement is in original or functional condition, likely with concrete walls and floors, and is suited for storage or basic utility space rather than finished living area.
2. How does the smaller lot size affect me?
A smaller lot requires less yard maintenance but also offers less private outdoor space. It’s efficient and manageable, which can be a benefit for those with busy lifestyles.
3. The home is over 100 years old. What should I consider?
While the structure has proven its durability, a pre-purchase inspection is essential to understand the condition of major aging components like the foundation, plumbing, electrical, and roof.
4. The assessed value is $18,200, but what will it likely sell for?
Assessed value is for municipal tax purposes and often differs from market value. The sale price will be determined by current market conditions, demand, and the property's condition. Its 2017 sale price provides a historical reference point.
5. Are there comparable homes nearby?
Yes, the listing references nearby properties on Martin Avenue W and similar assessed values in other neighbourhoods, indicating this price point exists in a mix of areas, allowing for easy comparison shopping.