Property Overview
This 1,208 sqft, one-and-three-quarter storey home on William Newton Avenue, built in 1909, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its key appeal lies in its above-average living space for the immediate area, offering more room than many neighbouring homes. The property sits on a modest, manageable lot. With an unrenovated basement and no garage, it suits a buyer comfortable with a home that has retained its original character and may require updates. The assessed value is notably low compared to the wider city, suggesting a potentially accessible entry point into the market. This home would likely suit a first-time buyer, an investor, or a hands-on owner who values interior space over a large yard and sees potential in a historic property without the premium price tag of a fully modernized home.
Frequently Asked Questions
1. What does the assessed value indicate about the property?
The assessed value is significantly below the city-wide average, which typically reflects the home's age, condition, and market dynamics of its specific neighbourhood rather than its sale price. It often points to a lower property tax burden.
2. How does the lot size impact the property?
The land area is smaller than most in the city. This means less exterior maintenance and a smaller yard, which could be a positive for those seeking a low-maintenance property or a drawback for those wanting ample outdoor space.
3. The home is described as having an "unrenovated basement." What should I consider?
This indicates the basement remains in its original or older state. A prospective buyer should budget for potential updates, assess its current functionality, and prioritize a thorough inspection for moisture, foundation integrity, and necessary upgrades to electrical or plumbing systems.
4. How does this home compare to others on the same street?
It ranks well for living area (top 30%), meaning it offers more interior space than most on William Newton Avenue. However, its lot size is among the smallest on the street (top 93%), and its age is around the neighbourhood average.
5. What is the significance of the 2019 sale price data?
The sale price from 2019 provides a historical benchmark, but it does not reflect current market value. It's most useful for understanding price trends over time in the area, and any offer should be based on a current appraisal and recent comparable sales.