Property Overview: 479 Tweed Avenue, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Chalmers presents a practical and appealing opportunity. Its key features include a renovated basement, a detached garage, and a notably newer construction date (1961) compared to many homes on its street and in the immediate neighbourhood. The lot size is generous for the area, offering above-average outdoor space in Chalmers.
The primary appeal lies in its balance of modern updates and its strong positional value within a mature community. The home’s assessed value ranks significantly above average for its street and neighbourhood, suggesting it is a well-maintained or improved property in its local context. It would particularly suit first-time buyers or downsizers looking for a manageable, single-level layout with a finished basement for extra space. Investors may also find it attractive due to its apparent value standing relative to nearby properties, based on the assessment data. A thoughtful perspective is that while its living area is modest by city-wide standards, this contributes to a more efficient and cost-effective footprint, which can be a long-term advantage for utility costs and upkeep.
Frequently Asked Questions
1. How does the lot size compare to others?
The land area of 3,643 sq ft is above average for the Chalmers neighbourhood, providing more private outdoor space than many comparable local properties.
2. Is the home older or newer for the area?
Built in 1961, it is considered a newer home for both its street and the Chalmers area, which may mean fewer concerns about the age of major components compared to much older neighbouring houses.
3. What does the assessed value ranking indicate?
With an assessed value ranking in the top 10% locally, this suggests the property is officially valued higher than most in its immediate vicinity, often reflecting improvements, condition, or desirable attributes.
4. How does the living space compare?
The living area is approximately 898 sq ft, which is typical for the street and neighbourhood but below the Winnipeg city-wide average. This indicates a compact, efficient layout.
5. What is the recent sales history?
The property sold in May 2022 for $300,000. At that time, this sale price was above average for both the street and the broader Chalmers neighbourhood.