Property Summary: 426 William Newton Avenue
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1914, is defined by its solid, established presence on a generous 5,336 sqft lot in Chalmers. Its key features include a renovated basement and a detached garage. The appeal lies in its balanced metrics: the living space (1,200 sqft) is notably above average for the neighbourhood, offering more room than many nearby homes, while the lot size and assessed value sit comfortably around the local average. This creates a value proposition of a well-sized home on a good lot without a premium price tag.
It would suit a pragmatic buyer looking for character and space in an established neighbourhood, who values a renovated basement for extra living area or storage. It’s also a sensible option for those comparing homes within Chalmers, where this property’s living area ranks in the top 16%, offering more interior space than most direct peers. A thoughtful perspective is that while the home is older than the citywide average, its assessed value is significantly below that same citywide benchmark, potentially indicating a more affordable entry point into the Winnipeg market for a home of this scale.
Section 2: Frequently Asked Questions
1. How does this property compare to others on the street?
On William Newton Avenue, this home is generally around average for lot size, living area, and value. Its living space is slightly above the street's average, offering a bit more room than many immediate neighbours.
2. Is the assessed value typical for the Chalmers area?
The assessed value of $260k is above the neighbourhood average, ranking in the top 18%. This is likely influenced by the home's larger-than-average living area for Chalmers and its renovated basement.
3. What does the sale history indicate?
The home sold previously in February 2023 for $247k and in February 2019 for $229k. This shows steady appreciation over that four-year period.
4. How old is the home, and what should I consider?
Built in 1914, the home is older than the Winnipeg average. Prospective buyers should factor in the potential maintenance and updating needs common to houses of this era, while also appreciating the character and established lot that come with it.
5. How does the lot size compare?
At over 5,300 sqft, the lot is significantly larger than the average for both the street and the Chalmers neighbourhood, offering ample outdoor space. Citywide, however, the lot size is around the median.