Property Overview
This one-and-a-half storey home on Tweed Avenue in Chalmers presents a practical opportunity in Winnipeg's housing market. Built in 1912, it offers 1,224 sqft of living space, which is notably above average for both its immediate street and the broader Chalmers neighbourhood. Its key characteristics include a basement (not renovated) and no garage. The lot is compact at 2,743 sqft, which is smaller than most in the area. The home last sold in March 2020 for $220,000, and its current assessed value is $21,700.
Section 1: Key Characteristics & Appeal
The primary appeal of this property lies in its efficient use of space within a well-established neighbourhood. While the home itself is older, its living area is more generous than many comparable homes nearby, offering good interior space relative to its local market position. The compact lot means less yard maintenance, which can be a practical advantage. Its assessed value is modest, particularly when viewed city-wide, suggesting a potentially accessible entry point.
This home would likely suit a first-time buyer or a pragmatic investor looking for a straightforward, no-frills property in a central location. It’s a home for someone comfortable with an older structure and a basement that may require updating, but who values living space over a large yard or modern renovations. A thoughtful perspective is that its above-average size for the immediate area could offer relative comfort and utility that isn't always available at this price point, balancing its age and lot size.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the 2020 sale price?
The assessed value ($21,700) is for taxation purposes and is not a market valuation. The sale price of $220,000 in 2020 reflects the actual market value at that time.
2. What does "above average" for living area mean exactly?
It means that among similar homes on Tweed Avenue, this house's square footage ranks in the top 16% (16th out of 102), and it's about 244 sqft larger than the local group average of 980 sqft.
3. Is the small lot size a major drawback?
It depends on your priorities. The lot is smaller than 94% of those on the same street. This limits outdoor space but also reduces maintenance time and cost, which some buyers may prefer.
4. What should I consider about the "not renovated" basement?
This indicates the basement is in original or functional condition but hasn't been modernized. Budgeting for potential updates, moisture management, or simply using it for basic storage and utilities should be factored into your plans.
5. How does this home compare to the Winnipeg average?
City-wide, its living area is near the middle of the pack, but its lot size and assessed value are in the bottom 10-15% of all properties. This highlights that it offers a neighbourhood-centric value—its strengths are most apparent when compared directly to other homes in Chalmers, not the entire city.