Property Overview: 146 Stanier Street, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 146 Stanier Street presents a unique profile. Built in 2000, it is a notably modern property within its historic Chalmers neighbourhood, ranking in the top 5% for its year built on its street. The home features a renovated basement and a modest 738 sqft of living space, situated on a standard 2,499 sqft lot. Its most striking characteristic is its assessed value, which is consistently high for its immediate area, placing it in the elite tier on its street and above average in Chalmers.

The appeal here is rooted in modern convenience within an established community. Buyers get a relatively new build (26 years old) that likely requires less immediate maintenance than the neighbourhood's century-old homes. The renovated basement adds functional space. This property would suit a first-time buyer or an investor looking for a manageable, modernized entry into the Winnipeg market. It’s also a practical choice for those who prefer a smaller home footprint but value being part of a long-standing community. A less obvious perspective is that the high assessed value relative to nearby homes suggests the property has been significantly improved or is uniquely positioned, offering a sense of built-in equity within its micro-market, even though its value is below the citywide average.

Section 2: Frequently Asked Questions

1. Is the living space too small?
At 738 sqft, the living area is below average for the street, neighbourhood, and city. However, the renovated basement provides additional functional space. This layout suits individuals, couples, or small families who prioritize efficient living over square footage.

2. Why is the assessed value so high compared to nearby homes?
The assessed value ($25.5k) ranks in the top 5% on Stanier Street. This is likely due to the home's modern build year (2000) and renovations, which contrast with the much older average home in Chalmers. It reflects the property's condition and relative newness within its specific context.

3. What does the sale history indicate?
The home sold very recently in August 2024 for $27.5k, following a previous sale in November 2022 for $25.5k. This indicates active market interest and a rising sale price over a short period, suggesting strong perceived value in its local market.

4. Is the lack of a garage a significant drawback?
The property has no garage, which is common for many homes in older neighbourhoods. Buyers should consider on-street parking availability and their personal storage needs, weighing this against the benefits of the home's modern build and renovation.

5. How does the land size affect future potential?
The lot is a standard size for the street but below average for the wider city. While it provides adequate outdoor space, extensive expansions or additions may be limited. The value here is in the existing structure and its modern condition rather than in vast redevelopment potential.