Property Overview & Key Characteristics
This home at 1245 Chamberlain Avenue in Winnipeg's Mynarski neighbourhood presents a specific value proposition centered on space and land. Built in 1955, its 1,024 sqft living area is fairly typical for similar homes on its street and in the immediate area. The standout feature is the 5,443 sqft lot, which is notably larger than most in the neighbourhood and on the street, offering above-average outdoor space.
Its appeal lies in its position as a practical, grounded opportunity. The assessed value of $254k is significantly below the Winnipeg city average, suggesting a more accessible entry point into the market. Recent sold price data indicates activity in the $250k-$300k range. This isn't a luxury property, but a functional one where the value is weighted more toward the land than the structure itself. It would suit a first-time buyer or practical investor comfortable with a home of this vintage, who prioritizes lot size over a modern or expansive interior, and who sees potential in the outdoor space for gardens, recreation, or future expansion.
Frequently Asked Questions
1. How does the home's value compare to its neighbours?
The home's assessed value is around the average for Chamberlain Avenue but ranks in the bottom 4% of the broader Mynarski area, indicating it is valued lower than most nearby homes. This can represent a cost-saving opportunity but warrants investigation into the specific reasons.
2. Is the house smaller than average?
The living space is consistent with the local area's typical homes. However, compared to the Winnipeg city-wide average, it is about 300 sqft smaller. This highlights that it's a locally standard home in a market where newer builds are generally larger.
3. What does the lot size ranking mean for me?
Ranking in the top 6% on its street and top 11% in Mynarski for land area means you are getting a larger-than-normal yard for the neighbourhood. This is a key advantage for privacy, outdoor activities, or future projects like a shed, garage, or garden.
4. The home is 71 years old. Should I be concerned?
The year built (1955) is typical for the street but older than many in Mynarski. This simply confirms it's a post-war character home. A thorough inspection is essential to understand the condition of major aging components like the roof, plumbing, and electrical systems.
5. How can I find out the exact past sale prices?
The site provides sold price ranges based on public data. Due to industry regulations, exact MLS sale figures are not published here. You can request the exact historical sold prices by using the site's email lookup service for a manually verified result.