Property Overview
This two-storey home at 565 Bowman Avenue in Winnipeg's Chalmers neighbourhood presents a distinct profile. Built in 2017, it is a notably modern property in an area predominantly composed of much older homes. Its key appeal lies in offering contemporary construction and efficient use of space, with a living area that ranks well above average for both its immediate street and the broader neighbourhood. The home sits on a compact, city-style lot, which means lower exterior maintenance but less private outdoor space. It does not have a garage or a pool, and the basement is noted as unfinished.
The property would suit first-time buyers or downsizers seeking a relatively new, low-maintenance home without the premium often attached to brand-new builds. It’s also a practical fit for those who prioritize interior space and modern systems over a large yard. The data suggests it holds strong value within its local context, with an assessed value consistently ranking in the top tiers for the area.
Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is smaller than most in the city, this is common for newer infill developments. It translates to less yard work and lower property tax obligations tied to land value, but limits potential for expansions like a large deck, garage, or pool.
2. What does the "above average" assessed value mean for taxes?
The assessed value ranks in the top 7% for Chalmers, indicating the municipality views it as a higher-value home within the neighbourhood. This typically results in proportionately higher property taxes compared to older, smaller homes on the same street.
3. The basement is "not renovated." What is its condition?
This indicates the basement is unfinished. It provides valuable rough storage space and houses mechanical systems, but would require a significant investment to be converted into livable space like a rec room or suite.
4. Is the lack of a garage a major concern?
For many buyers, yes. It means relying on street parking, which can be a challenge in winter. The trade-off is a lower purchase price compared to a similar home with a garage, and the compact lot likely has no space to add one later.
5. Why is the year built such a standout feature?
Being built in 2017 makes this home exceptionally new for its area, where the average home was built in the 1930s. This usually means modern building codes, energy efficiency, and less immediate concern for major repairs like roof or furnace replacement.