Property Overview
This 1992 bi-level home at 372 Thames Avenue in Winnipeg's Chalmers neighbourhood presents a practical and low-maintenance living option. Its key appeal lies in its modern age relative to the area, featuring a renovated basement and a detached garage. The lot size is manageable at 2,762 sq ft, fitting the local street profile, while the 782 sq ft living area offers a compact, efficient layout.
The property is best suited for first-time buyers, downsizers, or investors seeking an entry point into the market with a home that requires less immediate work than many older area comparables. Its assessed value sits well below the citywide average, indicating a potentially accessible price point. A thoughtful perspective is that while the home is newer than most on the block, its smaller living space prioritizes outdoor room and low upkeep over sheer interior size, appealing to those who value simplicity and a modest footprint.
Frequently Asked Questions
Is the home smaller than others in the area?
Yes. With 782 sq ft of living space, it is below the average for both Thames Avenue and the city overall. This makes for a more efficient, easier-to-maintain interior.
How does the year built affect this property?
Built in 1992, it is significantly newer than most homes in Chalmers. This often translates to more modern building materials, electrical systems, and potentially fewer major retrofits compared to the century-old homes common in the neighbourhood.
What does the assessed value indicate?
The assessed value of $24,900 is above average for Chalmers but far below the Winnipeg average. This typically suggests a municipally perceived value that is modest and in line with the local market, not necessarily the final sale price.
How does the land size compare?
The 2,762 sq ft lot is around average for the immediate street and neighbourhood, but below average citywide. It provides a decent outdoor space without the extensive upkeep of a much larger yard.
What is the significance of the renovated basement?
A renovated basement in a bi-level home effectively adds usable living space. For a home with a compact main floor plan, this finished lower level is a key feature that expands its functional area for living, storage, or recreation.