Property Overview
This one-and-three-quarter storey home, built in 1906, presents a straightforward opportunity in Winnipeg's Chalmers neighbourhood. Its key appeal lies in its position as an affordable entry point into homeownership, particularly for a specific type of buyer. The 916 sqft living space is functional for its age, and the property sits on a 2,870 sqft lot. It features a basement, which is noted as unrenovated, and does not include a garage or pool. The home last sold in December 2021 for $15,500, closely aligning with its current assessed value of $15,800.
Key Characteristics & Suitability
The primary characteristic of this property is its value. With an assessed value and recent sale price significantly below city averages, it stands out as one of the most affordable homes in Winnipeg. Its appeal is not in modern finishes or size, but in its potential as a blank canvas. The lot size, while below average for the city, is typical for the immediate area and offers standard outdoor space for the neighbourhood.
This home would best suit a hands-on buyer—an investor looking for a rental property with minimal upfront capital, or a first-time buyer with renovation skills and a vision. It’s a property where the investment is in the structure and location, not in prior upgrades. A less obvious perspective is its historical fabric; as a home built in 1906, it represents a piece of the city's architectural history, albeit one requiring care. It’s not suited for someone seeking a move-in ready home without project work.
Frequently Asked Questions
1. Why is the assessed value so much lower than the Winnipeg average?
The assessed value reflects the home's age, smaller living area, and likely its condition and market position within its specific neighbourhood. It is characteristic of a modest, unrenovated property in this area.
2. What does "one-and-three-quarter storey" mean?
This is a common architectural style for the era. It typically means the second floor has sloped ceilings (following the roof line) with full-height walls only in the centre of the rooms, creating cozy but potentially space-efficient upper rooms.
3. Is the basement finished or usable for storage?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate an unfinished space that may be suitable for utilities and storage, but should plan for an inspection to confirm its condition and suitability for any intended use.
4. How does the lot size compare to neighbours?
At 2,870 sqft, the lot is below the citywide average but is more aligned with the typical lot sizes on William Newton Avenue and within the Chalmers neighbourhood, where properties are generally more compact.
5. What is the significance of the "Top %" rankings provided?
These rankings compare this property against others on the same street, in Chalmers, and citywide for metrics like land area and year built. For example, being in the "Top 98%" for year built means it is among the oldest 2% of homes on its street, indicating its historic nature but also suggesting potential maintenance considerations common to houses of that age.