Property Overview: 414 Ottawa Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on Ottawa Avenue in Chalmers is defined by its generous, above-average lot size of 4,502 sq ft, offering more outdoor space than most properties in the immediate area and neighbourhood. Built in 1950, it is notably newer than many surrounding homes. The living area is a modest 735 sq ft, and the home features a renovated basement and a detached garage.
Its primary appeal lies in the land itself—a substantial, private yard in a mature neighbourhood—coupled with the value-add of a finished basement. It suits practical buyers looking for a solid foundation, whether that’s a first-time homeowner comfortable with a smaller main-floor footprint, an investor seeking a property with land value, or someone interested in future expansion potential. The data suggests it’s a competitively assessed property within its local context, not a city-wide luxury offering, which points to grounded value in a well-established community.
Frequently Asked Questions
What does the "renovated basement" include?
The listing confirms the basement has been renovated but does not specify the finishes or layout. This would be a key point to clarify with the seller or agent to understand if it’s a finished living space, a recreational room, or has separate entrance potential.
How does the low assessed value compare to the sale price?
The home last sold in August 2022 for $22,300, which is very close to its current assessed value of $22,100. This indicates the assessment is closely aligned with a recent market transaction, providing a clear benchmark.
Is the large lot size typical for the street?
Yes. The property’s land area ranks in the top 12% on Ottawa Avenue, meaning it has a larger yard than most of its direct neighbours, which is a significant characteristic of this specific home.
What is the significance of the home being built in 1950?
While 1950 is not new, it is well above the average build year for both Ottawa Avenue and the wider Chalmers neighbourhood. This suggests potentially newer major systems (like plumbing or electrical) compared to many nearby homes built in the 1920s and 1930s.
Are the nearby "similar assessed value" properties also similar in type?
Not necessarily. The listed properties with similar assessed values are from across Winnipeg and include condo addresses. This highlights that assessment value is a municipal metric for taxation, not a direct indicator of comparable market value or property type. The most relevant comparisons are the nearby and "for reference" homes in Chalmers.