Property Overview: 1233 Chamberlain Avenue, Winnipeg
Key Characteristics & Appeal
This is a 1,015 sqft bungalow built in 1955, situated on a roughly 4,888 sqft lot in the Mynarski neighbourhood. Its primary appeal lies in its position as a value-oriented entry point into the Winnipeg market. With an assessed value of $250,000, it sits significantly below both the city-wide and area averages for similar homes, representing a notably affordable option. The lot size is consistent with the local area, offering standard outdoor space for the neighbourhood.
The home would suit first-time buyers or practical investors seeking a lower barrier to entry. Its older vintage (1955) means potential buyers should be prepared for the maintenance or update projects typical of a home of this age. A thoughtful perspective is that while its size and value rank below average city-wide, they are much more aligned with—or even competitive within—its immediate street and neighbourhood context. This suggests it’s a characteristic home for the area rather than an outlier, potentially offering a stable, no-frills investment in a community where it fits right in.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While assessed values are used for property tax calculations and provide a benchmark, market conditions ultimately determine sale price. This home’s assessed value is below local averages, which can indicate a competitive starting point, but a professional appraisal and market analysis are needed for an accurate current value.
2. What should I consider about a home built in 1955?
Homes from this era may have original plumbing, electrical systems, and insulation that could require inspection, updating, or repair. This potential need for investment should be factored into your budget. On the positive side, they often feature solid construction and simpler layouts that are easier to renovate.
3. How does the living space compare to typical homes?
At 1,015 sqft, the living area is modest and below the Winnipeg average. It is, however, very typical for the Mynarski area and on Chamberlain Avenue itself, where comparable homes average just over 1,047 sqft. This indicates a cozy, efficient footprint common to the locale.
4. The data shows a sale in 2017. Can I get the exact sale price?
The site provides sold price ranges for general reference. To obtain the exact historical sale figures and a verified transaction history, you must request a manual lookup via email, as detailed in the data notes.
5. What does the "below average" ranking for assessed value in Mynarski mean?
Ranking in the top 97% for assessed value in Mynarski (314 out of 324) means this home’s assessed value is lower than nearly all comparable homes in the broader neighbourhood. This highlights its standout affordability within the area but also suggests it may be more modest in finish, size, or features than most nearby properties.