Property Overview
414 Talbot Avenue is a compact, one-storey home in Winnipeg's Chalmers neighbourhood. Built in 1954, it sits on a 3,638 sqft lot. The home offers 660 sqft of living space, includes a basement (not renovated), and has no garage or pool. Its current assessed value is $20,200.
Key Characteristics & Appeal
This property’s primary appeal lies in its land and location rather than the existing home. The lot size is above average for Chalmers, presenting a clear value proposition for buyers interested in the land itself—whether for future expansion, rebuilding, or as a long-term hold. The house, with its modest and unrenovated living space, is functionally a starter home or a blank canvas.
It would best suit a practical, value-oriented buyer. This includes first-time purchasers comfortable with a project, investors looking for a land-hold opportunity in a stable neighbourhood, or downsizers seeking minimal upkeep. Its below-average assessed value translates to lower property taxes, a key financial consideration. The appeal is straightforward: you are acquiring a solid lot in an established area, with the existing structure providing basic shelter while you plan its future.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is not renovated. It provides additional raw space for storage or potential future development, subject to permits and renovations.
2. What is the parking situation?
The property has no garage. Parking would be dependent on the driveway, if one exists, or on-street permits, which should be verified with the city.
3. How does the assessed value affect property taxes?
With an assessed value significantly below the Winnipeg city average, the municipal property tax burden on this home is comparatively low, which is a notable ongoing cost advantage.
4. Is this a good option for expanding or rebuilding?
The lot size is a strong asset for future potential. Any expansion or rebuild would require checking current zoning bylaws, building codes, and obtaining the necessary permits.
5. How does the living space compare to nearby homes?
At 660 sqft, the living area is notably smaller than most homes in the immediate area and across Winnipeg. Buyers should be comfortable with a compact layout or factor in the cost of an addition.