Property Overview
This one-and-a-half storey home on Winterton Avenue in Chalmers is a classic Winnipeg character property built in 1914. Its key appeal lies in its established neighbourhood setting and its value as a land-holding proposition. The home itself is compact at 884 square feet of living space and features a basement (not renovated) and a detached garage. The lot is a standard city size for the area at just under 3,000 square feet. Recent sales and assessment data consistently place this property in a lower value tier compared to its immediate neighbours, the broader Chalmers area, and the city as a whole. This suggests its primary value is in the land and the existing structure, rather than in modern updates or finishes.
The property would suit a specific type of buyer. It's a potential match for an investor or handy first-time buyer looking for an affordable entry into the market, who sees value in the lot location and is prepared for a renovation or holding strategy. It is less suited for someone seeking a move-in-ready home or above-average interior space. A thoughtful perspective is that this home represents the "bones" of a neighbourhood—a century-old structure on a standard lot whose value is more utilitarian than luxurious, offering a canvas for future potential rather than present-day perfection.
Frequently Asked Questions
1. Why is the assessed and sale value so much lower than averages?
The values are consistently below average because the assessment is based on the current state of the property. The older home with unrenovated spaces directly influences this valuation, reflecting a price point for the land and existing structure.
2. 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 sloping roof lines, often creating cozy bedrooms with reduced ceiling height in parts. It's a classic design for Winnipeg homes of this era.
3. Is the lot size a pro or a con?
It depends on your goals. At 2,998 sq ft, it is an average-sized lot for the Chalmers neighbourhood, which means manageable upkeep. For a developer or investor, it's a standard canvas. For someone wanting extensive outdoor space, it may feel limited.
4. Who would be responsible for any future renovations to the basement?
Any upgrades to the unrenovated basement would be the full responsibility of the new homeowner, including obtaining necessary permits and ensuring work meets current building codes.
5. The home is over 110 years old. What should I consider?
While offering character, an older home requires careful attention to foundational integrity, historical wiring or plumbing, and overall maintenance. A thorough inspection is essential to understand the condition and any needed repairs, which should be factored into your budget and plans.