Property Overview & Key Characteristics
This 1907 two-storey home on Nairn Avenue in Winnipeg's Chalmers neighbourhood presents a classic character property with notable space and land. Its primary appeal lies in its generous proportions: the 1,440 sqft living area is among the largest on its street (top 4%), and it sits on a 2,668 sqft lot. This combination offers significant potential for customization. The home suits buyers looking for a project—specifically, those seeking a spacious, solid older home where they can add value through renovations. The unrenovated basement and the home's age mean it’s ideal for a hands-on buyer or investor comfortable with updates. A thoughtful perspective is its relative affordability within its category; the assessed value is modest for its size, suggesting room for equity growth through improvements. The detached garage adds practical utility. It’s less suited for those seeking a move-in-ready, modern home without any work required.
Frequently Asked Questions
1. What is the true condition of the home given its age?
Built in 1907, the home is over a century old. While the living area is spacious, the listing notes the basement is not renovated. Prospective buyers should budget for and expect updates to mechanical systems, insulation, and likely the main living spaces to meet modern standards.
2. How does the lot size and living space compare to the area?
This is a key strength. The lot is above average for the street, and the living area is significantly larger than most immediate neighbours, ranking in the top 4% on Nairn Avenue. This provides more interior room and outdoor space than is typical for the area.
3. What does the sold price history indicate?
The home sold in July 2021 for $250,000. This recent sale provides a clear benchmark for current market value, showing a substantial premium over the current assessed value of $26,100, which is common for older homes with recent sales history.
4. Are the property taxes likely to change after a sale?
Yes, typically. The current taxes are based on the assessed value of $26,100. A sale price around the previous $250k mark would trigger a reassessment, leading to significantly higher annual property taxes. This is an important factor for budgeting.
5. What is the neighbourhood like, and what are comparable homes?
The home is in the Chalmers neighbourhood. Listing data shows nearby properties of similar age but generally smaller in size and with a wide range of assessed values. This suggests a diverse streetscape with a mix of updated and original homes, where the value of renovations is clearly reflected in assessments.