Property Overview: 1197 Chamberlain Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1955-built home in Mynarski presents a practical opportunity centered on its generous lot. The 1,024 sqft house sits on a 5,441 sqft parcel of land, which is notably larger than most lots in the immediate area and neighborhood. This is the property's standout feature, offering clear potential for expansion, gardening, or outdoor living that many city lots cannot accommodate.
Its appeal lies in its position as a value-conscious entry point. The home's assessed value ($247k) is consistently below average when compared to similar properties on its street, in Mynarski, and across Winnipeg. This suggests a potentially lower property tax burden and room for equity growth through updates. The living space is typical for the local area but smaller than the citywide average, indicating a home focused on essentials rather than size.
This property would best suit a hands-on buyer or investor. It’s a logical fit for a first-time homeowner willing to gradually modernize an older home, or for someone who prioritizes private outdoor space over a large interior. The data also suggests it could be a strategic buy for an investor looking for a below-market-value asset with a strong land component in a central neighborhood.
Section 2: Frequently Asked Questions
1. Is the sold price range provided accurate?
The sold price range (CA$200k–250k) is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via email from the site.
2. How does the lot size compare practically?
At 5,441 sqft, the lot is over 13% larger than the Mynarski average. This is a significant difference, providing more yard space, better potential for additions, or greater distance from neighbors than is typical for the area.
3. Why is the assessed value so much lower than the city average?
The assessed value is below average for Winnipeg largely because the home itself is smaller (1,024 sqft vs. a city average of 1,342 sqft) and is located in a neighborhood where property values are generally lower than the citywide benchmark.
4. What does the "Top 98%" ranking for value in Mynarski mean?
This means the home's assessed value is in the bottom 2% of comparable homes in the Mynarski neighborhood. It ranks 317th out of 324, confirming its status as one of the most value-accessible properties in the area.
5. As a 71-year-old home, what should I consider?
While its age is typical for the street, it is older than most homes in Mynarski. A thorough inspection is essential to understand the condition and potential need for updates to major aging systems like plumbing, electrical, and the foundation.