Property Overview: 374 Union Avenue W, Winnipeg
Key Characteristics & Appeal
This is a modest, renovated one-storey home in the Chalmers neighbourhood, built in 1955. Its primary appeal lies in its efficient use of space and its position as a well-maintained, move-in-ready property within its market segment. The home features a renovated basement, adding functional living space to the 1,005 sqft main floor. With a land area of 3,443 sqft, the lot is very typical for the local street and area, offering a manageable outdoor space without extensive upkeep.
The data reveals a thoughtful perspective: while the home's size and value are below the Winnipeg city-wide average, they are consistently at or above the average for Union Avenue West and the broader Chalmers neighbourhood. This indicates a property that is competitively positioned within its immediate community, offering solid value relative to its peers. It suits first-time buyers, downsizers, or investors looking for a renovated, low-maintenance home in a stable, established area without the premium of a larger lot or newer construction. The notably low assessed and recent sale value point to a very accessible price point.
Frequently Asked Questions
1. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing is essential to assess the quality of the renovation and determine if it includes legal bedrooms, a proper living area, or additional bathroom facilities.
2. How does the lack of a garage affect daily living?
The property has no garage. Buyers should consider on-street parking availability, the feasibility of adding a driveway or carport, and their comfort with vehicle maintenance during Winnipeg winters without enclosed parking.
3. The assessed value seems very low. Why is that?
The assessed value is for municipal tax purposes and is not a market valuation. Its low figure is consistent with similar homes in this specific area and reflects the property's age, size, and the neighbourhood's overall market characteristics compared to the wider city.
4. Is the land size a pro or a con?
At 3,443 sqft, the lot is perfectly average for Chalmers. It's a pro for those seeking a manageable yard with less maintenance. It may be a con for buyers prioritizing extensive private outdoor space, subdividing potential, or future large additions.
5. What is the neighbourhood like?
The home is in Chalmers, an older, established neighbourhood in Winnipeg. The consistent property metrics (lot size, value) with others on Union Avenue W suggest a street of similar, modest homes, likely offering a quiet, community-oriented atmosphere. Researching local amenities and traffic patterns is recommended.