Property Overview: 180 Chalmers Avenue

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1909, situated on a standard city lot in Winnipeg's Chalmers neighbourhood. Its key appeal lies in its position as an affordable entry point into the market, with a notably low assessed value. The home offers basic living space (904 sq ft) that is average for its immediate area but modest by wider city standards. It features an unrenovated basement, no garage, and no pool.

The property is best suited for a specific type of buyer: investors, builders, or very hands-on first-time purchasers. Its low price and lot size (3,385 sq ft) make it a potential candidate for a tear-down and rebuild, or a long-term hold for land value. For a buyer willing to live in it, it represents a "blank canvas" scenario, requiring modernization and systems updates. A less obvious perspective is that its age and unrenovated state could appeal to those interested in a genuine heritage restoration, as it may retain original features untouched by later renovations. However, this comes with the significant responsibility of updating a 117-year-old structure.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much higher than the last sale price?
The last recorded sale was in 2020 for $16,900, which is unusually low and not reflective of typical market transactions—it may have been a non-arms-length sale between family members, for example. The current assessed value of $200,000 is a municipal valuation for tax purposes and is a more realistic, though still below-city-average, benchmark for the property's worth.

2. Is the land size a advantage?
The lot is below average for the city but is a standard size for the Chalmers area. It provides adequate outdoor space for a home of this size but is likely not large enough for a subdivision. Its primary value is as a standard urban building lot.

3. What does "below average" for year built mean for a buyer?
Built in 1909, the home is significantly older than most in Winnipeg. This typically means potential for charming character but also a higher likelihood of needing updates to foundational elements, wiring, plumbing, and insulation to meet modern standards and efficiency.

4. Who would this property not suit?
It would not suit buyers seeking a move-in-ready home, those who need a garage, or families requiring more than modest living space without undertaking a major expansion or rebuild.

5. How should I interpret the ranking statistics?
The rankings compare this home to others on the same street, in the Chalmers area, and citywide. They show that while this home is fairly typical for its immediate neighbourhood in terms of size and value, it falls below Winnipeg-wide averages in almost every category, highlighting its role as a more affordable, compact property.