Property Overview
This one-and-a-half storey home, built in 1920, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its key appeal lies in the balance between its modest scale and its land value. With 1,064 sqft of living space, the house itself is above average for its immediate area, offering comfortable room for a small household or first-time buyer. It sits on a 2,940 sqft lot and features a detached garage. The basement exists but is unrenovated, and there is no pool.
The property’s standout characteristic is its positioning as a land-value proposition. The assessed value is notably below average for the city, which is reflected in its recent sale history. This makes it a candidate for buyers comfortable with a home of vintage character who see potential in the lot itself—whether for long-term holding, gradual improvement, or as a relatively affordable entry into the market. It would suit a pragmatic first-time buyer, an investor looking for a property with a stable baseline in a mature neighbourhood, or someone seeking a lower-cost footprint with the flexibility to customize over time.
A less obvious perspective is that its "below average" lot size for the street and city might actually translate to lower maintenance demands, which can be a hidden benefit. Additionally, its consistent sale price history suggests a stable, understood value in its micro-market, offering a clear picture without the volatility seen in some areas.
Frequently Asked Questions
1. What is the condition of the major systems (roof, wiring, plumbing)?
The listing does not specify the condition or age of these critical components. Given the home's age, a professional inspection would be essential to understand any needed updates or potential issues.
2. Is there potential for future expansion or addition?
With a lot size of 2,940 sqft, there may be some scope for expansion, subject to local zoning bylaws and setback requirements. The existing footprint and detached garage placement would be key factors.
3. How does the assessed value relate to likely market value?
The home has consistently sold below the city's average assessed value for comparable homes. This indicates its market price is anchored more by its specific location and condition than by broader city averages, and recent sale prices are a strong guide.
4. What is the neighbourhood character of this part of Chalmers?
The proximity of similar-aged homes on Washington Avenue and nearby Jamison Avenue suggests a stable, established streetscape. The presence of both older and newer construction (like nearby homes built post-2018) indicates an area with a mix of long-term residents and recent investment.
5. What are the typical property taxes for this home?
While not listed, property taxes would be calculated based on its $170k assessed value. You can estimate this by applying Winnipeg's current mill rate to this assessment figure for a reasonably accurate annual tax cost.