Property Overview: 482 William Newton Avenue
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1944, situated on a standard city lot in Winnipeg's Chalmers neighbourhood. Its key feature is a renovated basement, adding functional living space to the 728 sq ft main floor. The home includes a detached garage.
The appeal lies in its practicality and position as a relatively affordable entry point into homeownership. While the living area is below average in size for the city, its assessed value is notably above average for the Chalmers area, suggesting it may be a well-maintained or updated property within its immediate market. This creates a value proposition: you're investing more in the quality and condition of the home than in sheer square footage.
It would suit first-time buyers, downsizers, or investors looking for a manageable, low-maintenance property. The renovated basement offers flexibility for a rental suite, a family room, or a dedicated workspace, which is a significant asset for a home of this size. A thoughtful perspective is that its "below average" city-wide metrics are precisely what can make it accessible, while its stronger standing within Chalmers indicates a solid foothold in a community context.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 728 sq ft on the main floor, it is compact. However, the renovated basement effectively doubles the usable living space, making it more functional than the initial square footage suggests. It's ideal for those who prioritize efficient living over expansive rooms.
2. How does the assessed value compare?
The assessed value of $23,800 is above the average for Chalmers, ranking in the top 29% of the neighbourhood. This often indicates recent updates or better-than-average condition compared to nearby peers, even if the home is smaller than the city-wide average.
3. What is the neighbourhood like?
Chalmers is an established, mature neighbourhood. The data shows homes here, including this one, typically sit on smaller lots and are older than the Winnipeg average, contributing to a more classic, community-focused streetscape.
4. What does the sale history indicate?
It last sold in November 2019 for $21,500. The current assessed value is slightly higher, which may reflect market changes or improvements made since that purchase.
5. Are there any concerns with an older home?
Built in 1944, the core systems (roof, wiring, plumbing) should be a key focus of inspection. The recent basement renovation is a positive sign, but it's wise to verify the quality of the work and whether any necessary updates to the original structure were addressed.