Property Overview: 395 Winterton Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1950, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its above-average proportions and recent updates relative to its immediate area. With a living space of 1,092 sqft situated on a 4,197 sqft lot, it offers more room than most comparable homes on its street and in the surrounding community. A key feature is the renovated basement, adding functional living space. The property includes a detached garage.
The home suits buyers looking for a value-conscious entry into homeownership, or an investor seeking a property with solid fundamentals in a mature neighbourhood. Its standout characteristic is its context: while its metrics are modest city-wide, they are consistently strong within its local peer group. This suggests a well-situated property that offers more house and land for the dollar than its neighbours, a potential advantage for future value. The 2022 sale price of $26,500, close to its current assessed value, indicates a stable, affordable market segment.
Frequently Asked Questions
1. How does this home compare to others nearby?
The data shows this home ranks above average for its street and neighbourhood in key categories like lot size, living area, and year built. It is a larger and newer property compared to many direct peers in Chalmers.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the quality of the renovation, the materials used, and whether it was permitted.
3. Is the assessed value a reliable indicator of the sale price?
The home last sold in 2022 for $26,500, which is close to its current assessed value of $25,100. This suggests the assessment is relatively current, but the final sale price is always determined by the current market.
4. What are the implications of a 1950 build date?
While newer than many homes in the area, a house of this age will likely have older core components, like plumbing and electrical systems. The renovated basement is a positive update, but the condition of the main structure and roof should be evaluated.
5. Who might this property not suit?
Buyers seeking a modern, turn-key home or a very large lot may find this property too compact. Its appeal is strongest for those who see value in a home that stands out positively within its established, affordable neighbourhood context.