Property Overview: 459 Tweed Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, situated on a standard-sized lot in the Chalmers neighbourhood. Its key appeal lies in its position as an entry-point property. With a modest 680 sqft of living space, an unrenovated basement, and no garage, it is priced accordingly, reflected in its well-below-average assessed value. The home last sold in 2020 for $120k.
This property would primarily suit a specific type of buyer: first-time purchasers, investors, or downsizers seeking absolute minimal upkeep and utility costs. Its smaller scale makes it manageable, while the lot size offers potential for future expansion or outdoor space relative to the home's footprint. A thoughtful perspective is that its below-average metrics across the board aren't just drawbacks—they clearly define its role as an affordable, no-frills option in the market, insulating it from direct competition with more updated homes. It’s a straightforward canvas for a buyer comfortable with a project or someone prioritizing low carrying costs over modern finishes.
Section 2: Frequently Asked Questions
Q: Is the basement finished or usable for storage/living space?
A: The listing specifies the basement exists but is "not renovated." Buyers should anticipate an unfinished space that may be suitable for utilities and storage, but not conditioned living area, and should budget for any desired improvements.
Q: How does the lot size compare to others?
A: The 2,761 sqft lot is around average for both Tweed Avenue and the broader Chalmers area, but is below average for the city of Winnipeg as a whole. This means outdoor space is reasonably proportional to the neighbourhood.
Q: The home was built in 1912. What should I be aware of?
A: As a 114-year-old home, prospective buyers must prioritize a thorough inspection. While systems like wiring and plumbing may have been updated over time, the age of the structure necessitates careful evaluation for foundational integrity, insulation, and overall maintenance needs.
Q: Why is the assessed value so much lower than the last sale price?
A: The assessed value for tax purposes ($13.1k) is not a market valuation. It is calculated using a municipal formula for taxation and should not be confused with the property's potential market value, which was $120k at its last sale.
Q: What is the neighbourhood context for this value?
A: The home ranks in the lower percentiles for value, size, and year built even within its immediate area. This indicates it is one of the more modest properties on the street and in Chalmers, which is a key factor in its accessible price point.