Property Overview & Key Characteristics
This one-and-a-half storey home on a 3,298 sqft lot in Chalmers presents a straightforward, value-oriented opportunity. Built in 1913, its core appeal lies in its solid, unrenovated condition and its position as a land-value proposition in a mature neighbourhood. The home offers 960 sqft of living space, a detached garage, and a basement that has not been renovated. Its most recent sale was in February 2021 for $160,000, with a current assessed value of $170,000.
The property’s metrics reveal a nuanced picture: while its lot size, living area, and assessed value are generally around or below the city-wide averages, they are much more in line with—or even above—the averages for Larsen Avenue and the broader Chalmers neighbourhood. This suggests a home that is typical for its immediate area rather than an outlier. Its appeal is primarily for buyers seeking an affordable entry into the Winnipeg market, investors looking for a rental property with future redevelopment potential, or hands-on owners who want a blank canvas for renovations. It suits those who prioritize location and lot value over modern finishes and who are comfortable with a home that requires updates.
Frequently Asked Questions
1. What does "one-and-a-half storey" mean for this home?
This style typically features a main floor with principal rooms and a second floor under sloped roofs, often with smaller or cozier bedrooms. For a 1913 build, it means character but likely lower ceiling heights on the upper level.
2. The assessed value is $170k but it sold for $160k in 2021. What does that indicate?
The assessed value is for municipal tax purposes and can differ from market value. The 2021 sale price provides a concrete recent benchmark, but current market conditions will determine its present value. The close figures suggest stability rather than dramatic fluctuation.
3. The basement is noted as "not renovated." What should I expect?
You should anticipate a functional but unfinished space typical of a century-old home. It likely has foundational utility—housing the furnace, laundry, and storage—but will not be a modern living area. Checking for moisture issues and foundational integrity would be a priority.
4. How does this home compare to others on the street and in Chalmers?
The data shows this property is very typical for its specific location. Its lot size, living area, and year built are all around the average for Larsen Avenue and the Chalmers neighbourhood, meaning it’s a representative, not an exceptional, property for the area.
5. Who would this property NOT be well-suited for?
It would not suit buyers seeking a move-in-ready home with modern amenities, those who need significant living space, or anyone averse to taking on renovation projects. The "as-is" condition and vintage require a vision for updates and tolerance for ongoing maintenance.