Property Overview: 435 Tweed Avenue, Winnipeg
Key Characteristics & Appeal
This home is a classic one-and-a-half storey character property built in 1912, situated on a generously sized lot in the Chalmers neighbourhood. Its primary appeal lies in a combination of space, value, and potential. The 5,521 sqft lot is notably larger than most in the immediate area, ranking in the top 4% on its street, offering ample outdoor space uncommon for the locale. The home itself features a renovated basement and a detached garage.
The living area of 1,050 sqft is typical for the neighbourhood, presenting a manageable footprint. The recent sale price of $130k is significantly below the Winnipeg city-wide average, highlighting its accessibility. This property would suit a first-time buyer, an investor, or a hands-on owner looking for a character home on a substantial lot without a premium price tag. Its value proposition is grounded in the land itself and the renovated basement, offering a solid foundation for someone comfortable with the ongoing maintenance of a century-old home or seeing the potential for future updates.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on the finish quality, ceiling height, moisture management, or permitted work are not provided. This is a key detail to investigate during a viewing and with the seller.
2. How does the assessed value relate to the sale price?
The home recently sold for $130k, which is far above its $19.3k assessed value. This is common, as municipal assessed values for tax purposes often lag behind market sale prices, especially in older neighbourhoods with rapidly changing markets.
3. What is the significance of the large lot size?
The lot is a standout feature, being larger than 96% of comparable properties on the street. This offers more privacy, yard space, and future potential (like additions or landscaping projects) than is typically available in this price range.
4. Are there any concerns with a home built in 1912?
While offering character, a 114-year-old home will likely have older systems (plumbing, electrical, foundation). The renovated basement is a positive, but a thorough inspection is essential to understand the condition of the original structure and roof.
5. What is the neighbourhood context?
The home sits on a street where properties are very close together, as seen with neighbouring homes just meters away. The Chalmers area shows a wide mix of assessed values and sale prices, indicating a diverse, transitioning neighbourhood where property conditions can vary significantly from one house to the next.