Property Overview & Key Characteristics
This one-and-a-half storey home on Riverton Avenue presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its key appeal lies in its above-average position within the immediate area. With 1,080 sqft of living space and a renovated basement, it offers functional space for its size. The detached garage and a 3,629 sqft lot provide valuable utility and outdoor space that is notably above average for Chalmers. Built in 1951, it is a newer home compared to many in the neighbourhood.
The data suggests its strongest appeal is for value-conscious buyers looking for a solid, updated foundation in a well-established area. It suits first-time homeowners or downsizers who prioritize a manageable yard and the flexibility of a detached garage, without the premium price of a newer subdivision home. A thoughtful perspective is that while its city-wide rankings for size and value are average or below, it outperforms many local peers, indicating a property that is well-positioned within its specific community context.
Frequently Asked Questions
1. How does this home compare to others in Chalmers?
It ranks above average in the neighbourhood for its assessed value, lot size, and year built, suggesting it is a competitively positioned property within Chalmers itself.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or listing agent regarding the finishes, ceiling height, and permitted uses.
3. Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value for municipal taxes is $25,400, but the home last sold for $270,000 in 2021. Market conditions, updates, and demand determine the sale price, not the tax assessment.
4. How does the lot size compare to a typical Winnipeg home?
The lot is 3,629 sqft, which is below the city-wide average. However, it is above the average for the Chalmers area, offering more usable outdoor space than many immediate neighbours.
5. The home was built in 1951. What should I consider?
While newer than many homes in Chalmers, a 75-year-old home will still require attention to aging components. A thorough inspection is essential, but the renovated basement and relatively newer build date (for the area) may mean some major systems have been addressed.