Property Overview: 481 Henderson Highway, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home built in 1946 on a notably large lot in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in the land itself—at 7,490 sqft, the property offers an above-average yard size for the city and is exceptionally large for the Chalmers area, ranking in the top 1% locally. This presents a significant opportunity for gardening, expansion, or future redevelopment. The home features a renovated basement, adding functional living space, and a detached garage.
The living area (876 sqft) is compact, suggesting a cozy, efficient layout that’s easier to maintain. The assessed value is relatively low for the neighbourhood, indicating a potentially accessible entry point into an area where property values are generally higher.
This property would best suit a pragmatic buyer who values land over square footage. It’s ideal for someone looking for a starter home with untapped outdoor potential, an investor interested in the long-term value of the lot, or a downsizer seeking a manageable house with generous garden space. Its location on Henderson Highway offers high visibility and convenience, though buyers should consider traffic noise.
Frequently Asked Questions
1. What is the most significant feature of this property?
The standout feature is the lot size. At 7,490 sqft, it is substantially larger than most properties in Chalmers and across Winnipeg, offering rare potential for outdoor use or future development.
2. Is the house itself in good condition?
The listing notes a renovated basement, which is a positive update. As the main house was built in 1946, prospective buyers should budget for a thorough inspection to assess the condition of major systems (roof, wiring, plumbing) common to homes of this era.
3. Who would this home be a good fit for?
It’s well-suited for first-time buyers or investors focused on land value, or for those who prioritize a large yard over a large house. The efficient living space and renovated basement make it practical, while the lot offers a unique advantage in the area.
4. How does the assessed value compare?
The assessed value is above average for Chalmers but below the city-wide average. This suggests the property is valued more for its desirable location and lot size within the neighbourhood than for the size or condition of the dwelling itself.
5. What should I consider about the location?
Being directly on Henderson Highway means excellent access to major routes and high visibility. Buyers should personally visit to gauge traffic noise and pedestrian accessibility, as these can be trade-offs for the convenience.