Property Overview: 552 Washington Avenue
Key Characteristics & Appeal
This well-situated one-storey home in Chalmers presents a compelling mix of space, value, and location. With 1,042 sqft of living area and a renovated basement, it offers practical, single-level living. Its standout feature is its exceptional assessed value relative to the immediate area, ranking in the top 3% on its street and top 5% in the Chalmers neighbourhood. This suggests a strong valuation foundation compared to nearby properties.
The appeal lies in its above-average land size (4,403 sqft) for the area, providing generous outdoor space, and its more recent construction year (1959) compared to many neighbouring homes. The detached garage adds functional utility. It suits value-conscious buyers looking for a move-in-ready home with a renovated basement in a mature neighbourhood, as well as those who prioritize a larger lot and a solid investment profile within a community context. A thoughtful perspective is that this property represents a "best-in-class" option within its immediate locale rather than just the broader city, offering a premium position on its own street.
Frequently Asked Questions
1. What does the high assessed value ranking mean?
It indicates that, according to municipal assessment, this home holds a significantly higher value than most properties directly around it on Washington Avenue and within the Chalmers area. This often reflects desirable updates, lot size, or condition relative to close neighbours.
2. Is the living space smaller than the city average?
Yes, at 1,042 sqft, the living area is below the Winnipeg city-wide average. However, it is above the average for both its street and the Chalmers neighbourhood, meaning it offers more interior space than many comparable local homes.
3. What is the significance of the 1959 build year?
While not new, a 1959 build is notably younger than many homes in Chalmers. This can suggest updated infrastructure (like wiring or plumbing) compared to pre-war houses and potentially fewer major legacy maintenance issues.
4. How does the lot size compare?
The lot is 4,403 sqft, which is larger than the average lot on its street and in Chalmers. This is a key advantage, offering more private outdoor space, landscaping potential, and a less crowded feel than is typical for the area.
5. What can recent sale prices tell us?
The home sold in January 2025 for $37,600. This recent sale provides a concrete market value benchmark. The data also shows a previous sale in 2019 for $24,300, offering insight into its appreciation over a five-year period.