Property Overview: 188 Talbot Avenue, Winnipeg

Key Characteristics & Appeal

This 2018-built bi-level home at 188 Talbot Avenue is a study in contrasts, offering a very modern structure on a generous lot within Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its newness; built just 8 years ago, it ranks in the top 2-4% for year built across its street, neighbourhood, and the entire city. This translates to a home likely requiring minimal immediate maintenance and featuring contemporary building standards.

The property sits on a substantial 6,494 sqft lot, which is significantly larger than most in the immediate area (top 8% on its street) and the wider Chalmers neighbourhood (top 2%). This presents a major opportunity for buyers who value outdoor space, gardening, or future expansion potential over a large interior footprint. The living area (861 sqft) is modest and typical for the local area, suggesting an efficient, manageable layout rather than expansive rooms. The home includes a basement (not renovated) and does not have a garage or pool.

This property would best suit a first-time buyer, downsizer, or pragmatic investor seeking a modern, low-maintenance home where the value is anchored in the new build and the land itself. It’s for someone who prioritizes a newer roof, windows, and systems, and who sees the large lot as an asset for privacy, recreation, or long-term value, rather than needing a large amount of finished indoor space today.

Frequently Asked Questions

1. What does "bi-level" mean for this home?
A bi-level typically features an entryway set between two main living levels. You walk in to a short staircase leading up to the main living area and another leading down to a lower level. Here, the lower level is a basement that is noted as not being renovated.

2. The assessed value seems low. What does that mean?
The assessed value ($25.10k) is for municipal tax purposes and is not the market value or expected sale price. It is a formula-based valuation used by the city. The last recorded sale was in 2019 for $21.5k. Current market value would be determined by recent comparable sales and buyer demand.

3. Is the large lot a benefit for future expansion?
Potentially, yes. The lot size is well above average for the area. This could provide options for additions like a garage, a larger deck, or even a home extension, subject to local zoning bylaws and permit approvals.

4. How does the living space compare to nearby homes?
At 861 sqft, the living area is very close to the neighbourhood average. This indicates the home is in line with the typical size of houses in Chalmers, though it is smaller than the Winnipeg city-wide average. The trade-off is that you get a much newer home on a larger-than-average lot.

5. What is the neighbourhood like?
The home is in the Chalmers neighbourhood. The data shows that, for a home of this age and lot size, its metrics are strong within this community. It's advisable to visit at different times of day to get a feel for the area's character, traffic, and amenities personally.