Property Overview
This 1927 one-storey home on Washington Avenue presents a specific and practical opportunity. Its key appeal lies in its renovated basement and detached garage on a standard 3,002 sqft lot for the Chalmers neighbourhood. The living space is notably compact at 572 sqft, which positions this property well below the average home size for Winnipeg. This characteristic, combined with a recently sold price of $210k, defines its niche.
The home would suit a first-time buyer, an investor, or someone looking to downsize into a straightforward, low-maintenance property without a major renovation project. Its value is grounded in utility and location rather than square footage. A thoughtful perspective for a buyer is to see the smaller main floor footprint as a potential advantage for lower heating costs and less upkeep, allowing the renovated basement to effectively double the usable living area. It’s a home for those who prioritize a efficient layout and a manageable yard over spacious rooms.
Frequently Asked Questions
1. Is the house too small?
At 572 sqft of main living area, it is significantly smaller than the average Winnipeg home. However, the presence of a renovated basement adds functional space. This layout suits individuals, couples, or small families comfortable with efficient living.
2. How does the lot size compare?
The 3,002 sqft lot is very typical for the Chalmers area, ranking near the middle of the pack locally. It offers a standard urban yard—manageable for maintenance but not exceptionally large.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. A buyer should inquire about the scope of work, the quality of finishes, and whether it includes legal egress, as this significantly impacts the home's usable space and value.
4. Why is the assessed value so much lower than the sale price?
The assessed value of $19.4k is for municipal tax purposes and is not an indicator of market value. The recent sale at $210k is the true market reflection, which is around average for similar homes on the same street.
5. What are the less obvious considerations with a home from 1927?
While systems like the basement have been updated, a buyer should pay particular attention to the condition of original elements not mentioned, such as the roof, wiring, and plumbing. The detached garage, while a benefit, is also likely original and should be inspected. The home's age is typical for the street, but due diligence is key.