Property Overview: 247 Chalmers Avenue

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1950, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its key appeal lies in its solid foundational metrics relative to the immediate area. The living space of 1,115 sq ft is notably above average for both the street and the neighbourhood, offering more room than many comparable homes. It sits on a standard 3,449 sq ft lot and features a detached garage.

The property’s assessed value is modest, positioning it as an accessible entry point. A thoughtful perspective is that while the home is older, its 1950 build date is actually newer than many of its neighbours, potentially suggesting fewer issues common to earlier-century construction. The appeal is grounded in value and space for the area, rather than luxury finishes, as the basement is noted as unrenovated.

This home would suit first-time buyers or practical investors looking for a straightforward property in a mature neighbourhood. It’s for someone who prioritizes interior space over a large yard and sees potential in a home that is livable but may benefit from updates over time.

Frequently Asked Questions

1. How does the property’s value compare to the area?
The home last sold in 2016 for $220k, which was below the city-wide average at the time. Its current assessed value remains modest and is around average for Chalmers Avenue itself, indicating it is priced consistently within its specific local market.

2. Is the land size a pro or a con?
The lot is around average for the street and neighbourhood but below average city-wide. This means yard maintenance is manageable, but there is limited potential for expansion or extensive outdoor space compared to many parts of Winnipeg.

3. What does the "above average" living area actually mean?
With 1,115 sq ft, this home offers more interior space than approximately 75% of similar homes on its street and in the Chalmers neighbourhood. This is a significant advantage for the area, providing more room than you might expect from the exterior.

4. The home was built in 1950. Is that a concern?
While 76 years old, the build date is above average (newer) for both the street and Chalmers. This context suggests the core structure may be in relatively better standing than many older homes in the area, though systems and components will still require thorough inspection.

5. Who might this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with a renovated basement, or those desiring a large, private yard. The value proposition is centered on space and location within a mature community, not contemporary finishes or extensive land.