Property Overview
This 2021-built bi-level home at 362 Martin Avenue W in Winnipeg's Chalmers neighbourhood presents a distinct profile. Its primary appeal lies in being a modern, low-maintenance structure in an area predominantly composed of much older homes. The renovated basement adds functional living space, bringing the total to approximately 1,004 sqft. While the lot size is modest compared to city-wide averages, it is fairly typical for the immediate street and area, offering a manageable outdoor space.
The home is ideally suited for first-time buyers or downsizers seeking a newer build without a premium price tag, as evidenced by its recent sale price being well above average for the local area but around average for the wider city. It also appeals to value-focused buyers who prioritize modern systems (like plumbing, electrical, and insulation) and minimal immediate repair needs over historic character or expansive land.
Key Details & Questions
What are the home's standout characteristics?
The home is exceptionally new for the area, ranking in the top 1% of its neighbourhood for year built. It features a renovated basement and is a bi-level design. Its assessed value is notably high for the local context, ranking in the top 3% on its street, which often reflects its modern condition and construction.
What is the lot size like?
The land area is 2,264 sqft. This is below the Winnipeg average but is a standard, manageable size for the Chalmers neighbourhood and Martin Avenue W specifically.
How does the living space compare?
With 1,004 sqft of living area, it is squarely average for both its street and the Chalmers area, though below the broader city average. The renovated basement is likely factored into this functional space.
Who might this property not suit?
Buyers seeking a large yard, a historic home, or a property with a garage may want to look elsewhere. The lot is compact, the architecture is contemporary, and vehicle storage would need an alternative solution.
What is the context of the recent sale price?
The home sold for $32,500 in February 2022. Data indicates this price was well above average for comparable sales on the same street and in the Chalmers area at that time, but around the average mark when compared to the entire city. This suggests buyers paid a noticeable premium for the home's newness within its immediate, older context.