Property Summary: 339 Ottawa Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home in Chalmers is defined by its generous, above-average lot size of over 4,000 sqft, offering more outdoor space than most properties on its street and in the neighbourhood. The home itself is a compact 656 sqft bungalow built in 1948, featuring a renovated basement and a detached garage. Its appeal lies in a clear value proposition: it provides significant land potential in a mature area at a relatively accessible price point, as reflected in its last sale price and assessed value being around or below area averages.
The property would suit practical buyers looking for a starter home or a long-term land investment. It’s ideal for someone comfortable with a smaller living footprint who values private outdoor space for gardening, expansion, or future development. The renovated basement adds functional living area, making the home more versatile than the main floor square footage suggests. This isn’t a luxury property, but a grounded opportunity in a well-established community.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The land area is in the top 22% for the street and neighbourhood, meaning you're getting more yard space than most comparable properties. This is the home's standout feature for privacy, outdoor activities, or future projects.
2. How does the home's size affect livability?
At 656 sqft on the main floor, the living space is compact. However, the renovated basement effectively doubles the usable area, which is a crucial factor to consider when evaluating the total living space versus the listed main floor area.
3. What does the assessed value indicate?
The assessed value is around the neighbourhood average, suggesting the property is priced consistently with the area's market. It’s notably lower than the city-wide average, which aligns with Chalmers being a more affordable community within Winnipeg.
4. Is the age of the home (1948) a concern?
While older, the home is actually newer than many on its street and in Chalmers, ranking in the top 30%. This suggests the core structure may be in relatively good condition compared to immediate peers, but a thorough inspection is always recommended.
5. Who would this property not suit?
It may not suit buyers seeking a large, modern interior or a move-in-ready home with extensive main-floor living space. It’s best for those who see potential in the land and are willing to utilize both the main floor and basement for their living needs.