Property Overview
This is a recently built, compact single-storey home on a standard city lot in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in being a modern, low-maintenance property in a mature area, offering a move-in-ready opportunity without the concerns of an older home. The renovated basement adds valuable functional space.
Key Characteristics & Ideal Buyer
The home's standout feature is its 2023 construction, making it newer than over 99% of homes in its immediate area and across Winnipeg. This translates to modern building standards, energy efficiency, and minimal immediate repair needs. With 857 sqft of living space, it is a comfortably sized bungalow, well-suited for a first-time homebuyer, a small household, or an investor. The renovated basement significantly increases its usable space, a key asset given the modest main floor area.
Its appeal is specific: it offers new-home amenities without the premium price of a brand-new subdivision, situated in an established community. The lot size is smaller than average for the city, which means less yard upkeep—a plus for those seeking simplicity. The property suits a practical buyer who prioritizes modern mechanics and a turnkey condition over historic charm or expansive square footage. It would also be a sensible choice for an investor looking for a modern rental property with likely lower maintenance costs.
Frequently Asked Questions
1. Is this a brand-new build?
Yes, the home was built in 2023. It is essentially a new construction, meaning all major systems (roof, HVAC, plumbing, electrical) are under three years old.
2. Why is the assessed value notably higher than neighbouring homes?
The assessed value reflects the property's modern construction and renovated basement. On its street and in Chalmers, its value ranks in the top 10%, as most surrounding homes are much older (many from the early 1900s).
3. What does "renovated basement" imply?
While specific finishes aren't detailed, it indicates the below-ground space has been finished to a liveable standard, likely adding rooms, a recreational area, or additional facilities. It's a major value-add for a home of this size.
4. The lot seems smaller than average. Is that a drawback?
It depends on your priorities. The lot is under 3,000 sqft, which is below the Winnipeg average. This means smaller private outdoor space but also less maintenance, which can be a desirable trade-off for many buyers.
5. How does the 2023 sale price compare to the current assessment?
The home sold for $35,500 in November 2022, likely during or just after construction. The current assessed value is $34,300, showing relative stability in its valuation since purchase.