Property Overview
This is a compact, one-storey home built in 1922 on a standard city lot in the Chalmers neighbourhood. Its primary appeal lies in its position as a highly affordable entry point into the Winnipeg market, with a recent sale price of $10,500 and a low assessed value. The 600 sqft living area is notably smaller than most homes in the area, indicating a simple, minimalist layout. It features a detached garage and no basement.
The property would suit a specific type of buyer: an investor looking for a low-cost rental or redevelopment opportunity, or a hands-on individual seeking an extremely budget-friendly purchase, possibly as a land value play with a small existing structure. It is not suited for those needing space or modern conveniences without significant investment. A thoughtful perspective is that this home represents the raw fundamentals of real estate—land and shelter—stripped of any premium for size or condition, offering a canvas for value-adding projects.
Frequently Asked Questions
1. Why is the sale price so much lower than the average Winnipeg home?
The price reflects the home's very small size (600 sqft), its age (built in 1922), and its below-average assessed value. It is priced as a basic starter property or investment opportunity rather than a move-in ready family home.
2. What does "below average" for living area mean in context?
It means this home's interior space is significantly smaller than most. It ranks in the bottom 11% on its own street, bottom 6% in Chalmers, and bottom 1% city-wide, making it one of the smallest homes by square footage in Winnipeg.
3. Is the land size typical for the area?
Yes. The 3,002 sqft lot is around average for both Ottawa Avenue and the wider Chalmers neighbourhood. The value here is more in the land than the current structure.
4. Who might this property not be suitable for?
It is likely not suitable for families needing multiple bedrooms, anyone unable to undertake renovations, or buyers seeking a turn-key home. Its compact size and century-old infrastructure require realistic expectations.
5. How useful is the detached garage, given the home's size?
The garage adds functional value for storage or workshop space, which can be a significant asset for a small home, especially for a buyer planning renovations or with hobbyist needs.