Property Overview: 1221 Chamberlain Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot and established location. Built in 1955, the 1,024 sqft house sits on a notably large 5,442 sqft lot, which ranks well above average for both its immediate street and the broader Mynarski neighbourhood. This offers significant outdoor space and potential for gardening, expansion, or simply more privacy than typical area lots.
The appeal lies in its positional value. With an assessed value of $263,000, it is priced above average for Chamberlain Avenue itself but sits below the average for Mynarski and significantly below the Winnipeg citywide average. This suggests a more accessible entry point into the housing market, especially for a property with such a substantial land footprint. The home would suit first-time buyers or practical investors who prioritize land size over a large living area and are comfortable with a home that may require updates. It’s a property where the land is a leading asset, offering a balance of urban proximity and a sense of space not easily found at this price point citywide.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,024 sqft, the living area is slightly below the average for similar homes on its street (~1,049 sqft) and well below the Winnipeg city average (~1,342 sqft). This indicates a more compact interior layout.
2. Is the assessed value high for the area?
It’s nuanced. The assessment is above average for Chamberlain Avenue but is actually below the average assessment for the wider Mynarski neighbourhood. This positions it as a potentially more affordable option within the community.
3. What does the lot size ranking mean?
The lot is 5,442 sqft, which places it in the top 12% for size on its street and in the Mynarski area. This is a key strength, offering more outdoor space than most comparable local properties.
4. How current is the sold price data shown?
The listed sale from January 2022 is based on publicly available data, not MLS records. For a fully verified transaction history and exact sale prices, you must request a manual lookup via the website’s provided email service.
5. The home was built in 1955. What should I consider?
As one of the older homes on its street, a thorough inspection is essential to understand the condition of major aging components like the roof, plumbing, electrical, and foundation, and to budget for any necessary updates or maintenance.