384 Chalmers Avenue

Property Overview

This 1958 one-storey home at 384 Chalmers Avenue presents a straightforward, value-oriented opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its proportion: a notably generous 4,435 sqft lot that ranks well above average for both the street and the area, paired with a modest 957 sqft living space. This combination is ideal for buyers who prioritize outdoor space and future potential over a large existing footprint. The home features a renovated basement and a detached garage.

The property suits practical buyers looking for an entry point into homeownership with room to grow, or investors seeking a land-advantaged asset. Its recent sale price of $29,500 and assessed value around $25,800 indicate a very accessible price point. A thoughtful perspective here is that the above-average lot size in a neighbourhood of mostly older homes suggests a rare chance to own one of the more spacious and newer properties on the block, offering a different kind of value beyond the house itself.

Frequently Asked Questions

Q: Is the lot size a significant advantage?
A: Yes. At 4,435 sqft, the lot is in the top 16% on Chalmers Avenue and top 18% in the broader Chalmers area, offering substantially more outdoor space than many neighbouring properties. This provides more privacy, gardening space, or future expansion potential.

Q: What does the assessed value versus sale price indicate?
A: The sale price ($29,500) came in slightly above the assessed value ($25,800), which is common. More notably, both figures are significantly below the Winnipeg city-wide average, highlighting this property's position as an affordable option.

Q: Who would this smaller, older home best suit?
A: It's well-suited for first-time buyers, downsizers seeking minimal maintenance, or practical investors. The renovated basement adds liveable space, making the smaller main floor more functional.

Q: How does the year built (1958) compare to the area?
A: Built in 1958, this home is newer than most in its immediate vicinity. On Chalmers Avenue, it ranks in the top 11%, meaning it's one of the more modern structures on the street, which can be an advantage for systems and upkeep.

Q: Are the property taxes likely to be low?
A: Based on the low assessed value, the property taxes should be comparatively very affordable. Always confirm the exact amount with the city, but the assessment suggests a lower-than-average tax burden.