Property Overview
This is a compact, one-storey home built in 1907 on a standard city lot in Winnipeg's Chalmers neighbourhood. Its key appeal lies in its renovated basement and its position as an affordable, no-frills entry point into the housing market. The home is modest in size at 815 sqft, and its assessed value is significantly below both the neighbourhood and city averages. It does not have a garage or pool.
This property would suit a very specific buyer: a first-time purchaser, an investor looking for a rental property, or someone seeking a minimalist footprint who is comfortable with a home that requires ongoing updates due to its age. Its below-average price point is the primary draw, but it comes with the understanding that the living space is compact and the home itself is notably older than most in the city.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's smaller living area, older age, and simpler construction compared to the broader Winnipeg market, which includes many newer and larger homes. It is more in line with values for similar compact, century-old homes in its immediate area.
2. What does "renovated basement" likely mean for a home of this age?
While updated, it's important to manage expectations. In a 1907 home, this typically indicates functional improvements like a finished living area, proper egress, and updated utilities, but it may not be a modern, open-concept space. Inquiries should focus on the quality of moisture control, insulation, and the permits for the work done.
3. How does the lot size compare?
At 3,367 sqft, the lot is slightly smaller than the average for Chalmers but is a fairly standard city lot for the area. It offers adequate outdoor space for a garden or patio but is not exceptionally large.
4. What are the implications of the home's age (1907)?
This is a key consideration. While it offers character, it also means potential for older plumbing, electrical systems, and insulation standards. A thorough inspection is essential. On a positive note, its age often means it was built with durable materials and is located in an established, central neighbourhood.
5. Who would this home not be suitable for?
It would likely not meet the needs of a growing family requiring multiple bedrooms, anyone seeking a modern, turn-key property, or buyers who prioritize features like a garage, large rooms, or newer construction. It's a practical choice for value-focused buyers comfortable with a project.