Property Overview
This 1986 bi-level home at 399 Ottawa Avenue in Winnipeg's Chalmers neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in a combination of modern relative age, a renovated basement, and a detached garage, all situated on a notably generous lot for the immediate area. The home’s assessed value ranks among the highest on its street, suggesting it is a well-regarded property in its local context.
Key Characteristics & Ideal Buyer
The home’s standout features are its above-average land size (3,677 sq ft) for both the street and Chalmers neighbourhood, and its relatively recent year of build (1986), which is newer than most nearby homes. The living space (1,095 sq ft) is comfortable for the area, and the inclusion of a renovated basement and detached garage adds significant functional utility. The data indicates this property is a high-performer on its specific street, particularly in terms of value and modern construction.
Its appeal is grounded in space, practicality, and a move-in-ready condition due to the renovated basement. It would suit a first-time buyer or a practical-minded household looking for a solid, low-maintenance foundation in a mature neighbourhood. It’s also a sensible choice for a value-focused buyer who appreciates a home that stands out positively against its immediate peers in key metrics like lot size and age, without the premium of a brand-new build.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is in the top 3% on Ottawa Avenue and the top 6% in the broader Chalmers neighbourhood, indicating it is considered a higher-value property locally. City-wide, its assessment is around average.
2. What does the "renovated basement" likely include?
While specifics aren’t listed, a renovated basement in a home of this age and style typically means finished living space, which adds valuable square footage for recreation, guests, or storage. It’s a key feature that enhances livability.
3. Is the lot size a significant advantage?
Yes. The lot is larger than approximately 74% of properties on Ottawa Avenue and 70% in Chalmers. This offers more outdoor space than is typical for the area, which is a notable perk for gardening, play, or future projects.
4. The home sold in 2016 for a similar price to its current assessment. What does that suggest?
This stability can indicate a well-established and consistent value in its micro-market. It suggests the property wasn’t overvalued during previous market conditions and may represent a realistic, grounded price point.
5. Who might this property not suit?
Buyers seeking a very large interior living area or a brand-new home may find it modest. Similarly, those prioritizing a home with top-tier city-wide rankings in size or value, rather than strong local standing, might look elsewhere. It’s a home that excels in its immediate context.