Property Overview: 383 Washington Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1914, presents a classic character home opportunity in the Chalmers neighbourhood. Its primary appeal lies in its generous proportions relative to the immediate area. With 1,283 sqft of living space, it ranks in the top 11% for size within Chalmers, offering more room than many neighbouring homes. The property sits on a 4,478 sqft lot, which is also notably larger than most in the local area and on Washington Avenue itself, providing valuable outdoor space and potential.
The home suits a specific buyer: someone looking for a project or a blank canvas. It features a detached garage and a basement that is noted as "not renovated," indicating it is functional but awaits modernization. The assessed value is significantly below the Winnipeg city average, suggesting an entry point for value-conscious buyers, investors, or those willing to invest sweat equity into a character property with solid foundational stats. A thoughtful perspective is that while the home is older, its above-average lot and living area for the neighbourhood provide a rare combination of vintage charm and physical space that is harder to find in more modern, compact infill properties.
Frequently Asked Questions
1. What does "not renovated" for the basement imply?
It typically means the basement is in original or functional condition but has not been modernized or finished to contemporary standards. Buyers should budget for potential updates and investigate its current state (e.g., ceiling height, moisture control, electrical) during a viewing.
2. How does the very low assessed value compare to the sale price?
The home last sold in October 2020 for $21,700k, closely aligning with its current assessed value of $21.40k. This indicates the assessment is market-based for its condition and type, but it is crucial to note this value is dramatically below the Winnipeg city average, reflecting the home's specific location, age, and renovation state.
3. Is the large lot size a major advantage?
Yes, especially in this context. The lot is larger than approximately 77% of those on Washington Avenue. This provides more private outdoor space, better potential for landscaping, gardening, or additions, and is a key asset that can add long-term value.
4. Who might this property not suit?
It may not suit buyers seeking a move-in-ready, modernized home without immediate renovation projects. Given its age and the note on the basement, it likely requires updates to systems, insulation, or layout to meet contemporary standards.
5. How does the living area compare to nearby similar homes?
The living area is a standout feature. At 1,283 sqft, it is significantly larger than the Chalmers neighbourhood average (~953 sqft) and the average for Washington Avenue (~930 sqft). This means you get more interior space than most direct comparables in the area.