Property Overview: 449 Washington Avenue
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1922, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its efficient use of space and its position as a value-conscious entry point into the market.
The 1,200 sqft living area is notably above average for both the street and the immediate area, offering more interior space than many neighbouring homes. This is balanced by a standard 3,001 sqft lot. The home features a basement, which is unrenovated, and does not include a garage or pool. The assessed value is significantly below the Winnipeg city average, indicating a lower property tax burden and positioning it as an affordable option.
This property would suit a first-time buyer, an investor, or a hands-on individual looking for a straightforward home with room to grow. Its above-average interior space for the locale is a key advantage for those who prioritize living area over lot size or modern finishes. The unrenovated basement represents potential for future customization. It’s a pragmatic choice for someone comfortable with a home that has character and history, without the premium price tag of newer or more centrally assessed properties.
Frequently Asked Questions
1. What does the below-average assessed value mean for me?
A lower assessed value typically translates to lower municipal property taxes compared to many homes in Winnipeg. It reflects the property's value relative to city-wide averages, not necessarily its condition or livability.
2. How does the living area compare to nearby homes?
At 1,200 sqft, the living space is a standout feature. It ranks in the top 16% for the Chalmers area, meaning it offers more interior room than most comparable homes in the immediate neighbourhood.
3. Is the land size a limitation?
The lot is around average for the street and area. It provides standard outdoor space for a home of this vintage and type. Buyers seeking extensive yard space may find it compact, but it is typical for the setting.
4. What should I know about the "unrenovated" basement?
This indicates the basement is in original or functional condition, not recently updated. It presents both a blank canvas for future finishing and a potential factor in a home inspection. Budgeting for any necessary improvements or moisture management would be prudent.
5. How does the 1922 build year affect the home?
While older, the year built is actually around average for Washington Avenue and Chalmers. You can expect character common to early 20th-century construction but should prioritize a thorough inspection for aging components like wiring, plumbing, and the foundation to understand any needed maintenance.