Property Summary: 362 Tweed Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic one-storey home in Winnipeg's Chalmers neighbourhood, built in 1909. Its key characteristic is a modest 765 sqft living area on a near-3,000 sqft lot, presenting a clear value proposition centred on land and location rather than a modernized interior. The appeal lies in its affordability and potential. With an unrenovated basement and no garage, it is priced accessibly, making it a practical entry point into the housing market. The lot size is notably generous for the area, offering room for expansion, gardening, or future outdoor amenities.
This property would best suit a first-time buyer, an investor, or a hands-on individual comfortable with a project. It’s ideal for someone seeking a lower barrier to entry with the vision to gradually add value, or for an investor looking for a straightforward rental opportunity in a well-established neighbourhood. A less obvious perspective is its appeal to those seeking a simpler, smaller-footprint living space without the premium price of a fully updated home, where the character of an older community and a larger yard are valued over square footage.
Section 2: Frequently Asked Questions
1. What is the true condition of the basement?
The listing explicitly states the basement is "not renovated." Buyers should budget for potential updates and plan for a professional inspection to assess fundamentals like moisture control, insulation, and electrical systems.
2. How does the low assessed value relate to the sale price?
The city's assessed value for tax purposes ($15.4k) is not a market valuation. The last sale price was $160k, which is the relevant figure for understanding its market value. The low assessment, however, suggests relatively lower property taxes.
3. Is there potential for an addition or major renovation?
The lot size is a significant asset here. At 2,972 sqft, it is above average for Chalmers, providing clear physical space for a future addition, a garage, or a large deck, subject to city zoning and permit approvals.
4. What is the neighbourhood like for daily living?
Chalmers is a mature, long-established neighbourhood. The proximity to similar homes on Tweed and Riverton Avenues suggests a stable, residential setting. Prospective buyers should visit at different times to gauge traffic, noise, and neighbour activity.
5. How does its age (1909) affect maintenance?
A home of this age requires a pragmatic approach. While it offers charm, buyers should anticipate older building materials and systems. Planning for ongoing maintenance and potential updates to plumbing, wiring, or windows is advisable.