Property Overview
This one-and-a-half storey home on Larsen Avenue in Winnipeg's Chalmers neighbourhood presents a practical, no-frills opportunity. Built in 1913, its key characteristic is a renovated basement, adding valuable finished space to the 952 sqft living area. The lot is a standard city size for the area at just under 3,300 sqft. The home lacks a garage and pool, positioning it as a straightforward, functional property.
Its appeal lies in its affordability and simplicity, underscored by a low assessed value. It suits first-time buyers seeking an entry point into the market, investors looking for a rental property with a manageable price tag, or downsizers who prioritize minimal upkeep over modern amenities. A less obvious perspective is its potential for someone interested in the character of an early 20th-century home without the burden of an extremely large or historically significant property. The renovated basement is a notable asset, offering immediate usable space rather than a project.
Frequently Asked Questions
1. What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor with principal rooms and a second floor under sloped roof lines, which may have smaller or fewer rooms. Given the era, expect cozier upper-level spaces.
2. How significant is the lack of a garage?
For this price point in Chalmers, it's common. Buyers should budget for street parking and consider the cost of adding a shed or future parking pad if needed.
3. The assessed value seems very low. Does that reflect the sale price?
Assessed value is for municipal tax purposes and often differs from market value. The home last sold in 2019 for $18,300, closely aligning with its current assessment, suggesting it's priced for its condition and location.
4. Is the 1913 build date a concern?
While older, the home has been maintained for over a century. A key focus for inspections should be the foundational integrity, wiring, and plumbing updates over the years, as well as the quality of the basement renovation.
5. How does the lot size compare?
At 3,298 sqft, the lot is very typical for Chalmers and on Larsen Avenue itself. It offers a standard backyard space but is considerably smaller than the city-wide average, reflecting its established inner-city location.