Property Overview: 463 William Newton Avenue
Key Characteristics & Appeal
This two-storey home, built in 1958, presents a compelling blend of space and value in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its generous living area of 1,610 sq ft, which ranks within the top 3% of homes in the local area, offering significantly more interior space than most neighbouring properties. This is complemented by a renovated basement, adding functional living space, and a detached garage.
The home sits on a 3,217 sq ft lot, which is a comfortable size for the street and neighbourhood, though more modest by wider city standards. A thoughtful perspective is that while the house itself is newer than many in the historic Chalmers area, its assessed value remains accessible, positioning it as a "value-plus" proposition—you get above-average living space without a top-tier price tag. It would particularly suit first-time buyers or growing families seeking more room without venturing into newer suburbs, or value-oriented investors looking for a character home with modernized fundamentals in an established community.
Frequently Asked Questions
1. How does the home's size compare to others?
The living space is a standout feature. At 1,610 sq ft, it is notably larger than most homes in both the immediate area and the broader Chalmers neighbourhood, ranking in the elite top 3% locally.
2. Is the lot size typical for the area?
Yes. The 3,217 sq ft lot is around the average for both William Newton Avenue and the Chalmers neighbourhood, providing a balanced yard space that is manageable and consistent with the community's character.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality and functionality of the space.
4. How does the assessed value relate to the last sale price?
The home was last sold in November 2019 for $27,500. The current assessed value is $30,200. This suggests a stable or modestly appreciating value in line with market trends over that period.
5. Is the home older or newer compared to its neighbours?
Built in 1958, this home is significantly newer than the average home on its street and in Chalmers, where many homes date to the early 1900s. This can imply potentially newer core components, like plumbing and electrical systems, than many area comparables.