Property Overview: 176 McIntosh Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Chalmers presents a practical opportunity, particularly for its land value and location. Built in 1907, it offers a modest 915 sqft of living space with a renovated basement and a detached garage. The appeal here is grounded in its context: while the home itself is compact and historic, its 2,744 sqft lot is notably larger than the city-wide average, offering valuable outdoor space and potential in a mature neighbourhood. With an assessed value significantly below the Winnipeg average, it represents an accessible entry point into the market.

This property would best suit a value-conscious buyer, such as a first-time homeowner or an investor, who prioritizes land size and location over move-in-ready size or modern finishes. It’s a home for someone comfortable with the character and maintenance considerations of an older structure but who sees the underlying asset. A thoughtful perspective is that while the living space ranks as average for the immediate area, the lot size is a relative standout on its street, suggesting the property's long-term value may be more in its land than its current structure.

Section 2: Frequently Asked Questions

1. What does the assessed value tell me about the listing price?
The assessed value is $230k, while the last recorded sale was $265k in July 2022. This indicates the market price can differ from the city's assessment. It’s a baseline, but the listing price will be set by current market conditions and the property's specific state.

2. Is the older year of build (1907) a concern?
It means the core structure is historic, which brings charm but also requires diligent inspection for foundational integrity, wiring, plumbing, and insulation. The renovated basement is a positive update, but a thorough pre-purchase inspection is essential.

3. How does the living space compare to a modern home?
At 915 sqft, the living area is below the Winnipeg average. The layout will be characteristic of its era. The "one-and-a-half storey" design often means functional but potentially cozier second-floor spaces. Buyers should consider if the layout and square footage suit their needs.

4. What are the advantages of the lot size?
The lot of 2,744 sqft is larger than over 90% of city-wide properties. This offers more private outdoor space than typical newer lots, room for gardening, storage, or future additions like a deck or shed, which is a key asset in this price range.

5. Who are the typical neighbours or buyers in this area?
The property sits on a street with homes of similar assessed value and vintage. This suggests a stable, established neighbourhood. Given the home’s profile, it likely attracts practical buyers looking for affordability and the potential to personalize a property over time, rather than those seeking a turnkey modern home.