Property Overview: 465 St Charles Street, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home in Winnipeg's Glendale neighbourhood, built in 1960. Its key characteristic is balance: it offers a renovated basement and a detached garage on a notably generous city-wide lot size of over 6,700 sqft, while the living space itself is a compact 952 sqft. The appeal lies in its potential as a manageable footprint with room to grow. The lot size is well above the city average, providing valuable outdoor space or future expansion potential that is rare for homes in this price bracket. With an assessed value significantly below area averages, it presents an accessible entry point into the market.
The home would suit first-time buyers or downsizers looking for a solid, no-frills foundation in a stable neighbourhood. It’s particularly suited for a buyer who values land size over interior square footage—someone who sees the yard as an extension of their living space or a long-term asset. The renovated basement adds functional living area, making the smaller main floor more workable. It’s a practical choice for those comfortable with a home that offers value through its land and basics rather than high-end finishes or modern open-concept layouts.
Frequently Asked Questions
1. Is the house small compared to others in the area?
Yes. At 952 sqft, the living area is below the average for both St. Charles Street and the wider Glendale area. This indicates a cozier, more efficient floor plan.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to understand the quality of the renovation, its permitted status, and the nature of the finished space.
3. Why is the assessed value much lower than nearby sold prices?
The home’s assessed value is around $28,900, while recent sales on the street show prices from $265,000 to over $460,000. This large gap is typical; assessed value for tax purposes often lags far behind current market value and should not be used as a direct indicator of sale price.
4. How does the lot size compare?
The lot is a significant feature. At 6,745 sqft, it ranks in the top 19% city-wide, meaning it's larger than over 80% of comparable Winnipeg lots. This is a standout asset for the property.
5. What is the neighbourhood like?
Glendale is a mature, established neighbourhood. The listing shows nearby properties of varying ages and sizes, suggesting a mixed, settled streetscape. The proximity to other homes on St. Charles Street indicates a typical residential setting.