Property Overview: 379 William Newton Avenue
Key Characteristics & Appeal
This is a classic one-storey home in Winnipeg's Chalmers neighbourhood, built in 1907. Its primary appeal lies in its value proposition and potential. With a modest 812 sqft of living space and an unrenovated basement, it presents a straightforward, affordable entry into homeownership. The lot size of 2,895 sqft is notably larger than many city-wide comparables, offering valuable outdoor space relative to the home's footprint.
The property suits first-time buyers, investors, or handy individuals looking for a lower-priced project home without the premium of a modern build. Its recent sale price of $190k aligns with its below-average assessed value, highlighting its accessibility. A thoughtful perspective is that its age and simplicity mean fewer hidden modern complexities, potentially making renovations more straightforward for those willing to put in the work. It’s a home that offers more in land than in structure, appealing to those who see value in the ground itself or a long-term, incremental renovation journey.
Frequently Asked Questions
Q: What does "below average" for assessed value mean in this context?
A: It means the home's city-assessed value for tax purposes is lower than most homes in Winnipeg. This often correlates with a lower purchase price and property taxes, but is not a direct market valuation.
Q: Is the basement finished or usable?
A: The listing specifies the basement exists but is "not renovated." Buyers should anticipate an unfinished space requiring work to be fully livable.
Q: How does the lot size compare to the neighbourhood?
A: The lot is around average for the Chalmers area but is considered below average for its specific street. However, it remains a generous size compared to the Winnipeg city-wide average.
Q: The home is over 100 years old. What should I be concerned about?
A: While charm and solid construction are positives, a pre-purchase inspection is essential. Key focuses for a 1907 build would typically include the foundation, electrical wiring, plumbing, and roof.
Q: There's no garage. Is street parking readily available?
A: The property has no garage. Prospective buyers should visit at different times to assess on-street parking availability on William Newton Avenue.