Property Overview & Key Characteristics
This one-and-a-half storey home on Washington Avenue is a classic Chalmers neighbourhood property with solid fundamentals. Built in 1927, it sits on a good-sized 3,001 sqft lot and offers 1,046 sqft of living space. A key feature is its renovated basement, adding valuable finished space, and it includes a detached garage. The data suggests a home that has been maintained and updated over time.
Its appeal lies in its established location and practical updates. The property ranks in the top 25% in Winnipeg for its assessed value, indicating it is viewed as a solid asset relative to the market. It would suit first-time buyers looking for a move-in-ready character home with some modern touches, or an investor seeking a property with a strong value foundation in a mature neighbourhood. The renovated basement and detached garage add functional appeal for small families or those needing workshop or storage space.
Frequently Asked Questions
1. What does the assessed value ranking actually mean?
The ranking shows how this property compares to others. Being in the top 25% in Winnipeg for assessed value suggests the municipal assessment is relatively high, which can be a marker of the property's perceived stability and desirability within the broader market.
2. How does the living space compare to nearby homes?
At 1,046 sqft, this home has more living area than 65% of homes on its street and 68% in the Chalmers neighbourhood. This means it offers above-average interior space for the immediate area.
3. The home is almost 100 years old. What should I consider?
While the basement has been renovated, the core structure is from 1927. Prospective buyers should prioritize a thorough inspection to understand the condition of major aged components like the foundation, plumbing, and electrical systems, even with recent updates.
4. What is the significance of the lot size?
At 3,001 sqft, the lot is larger than average for the street. This provides more outdoor space than many neighbouring properties, a valuable asset for gardening, play, or future expansion, and contributes to the property's overall ranking.
5. How does the last sale price from 2016 relate to today's value?
The home sold for $21,200 in 2016. The current assessed value is higher at $26,100, reflecting market changes and likely the value added by renovations over the past eight years. It is a historical data point, not a direct indicator of current market price.