251 Poplar Avenue

Property Overview

This 1925 one-and-a-half storey home on a large 5,667 sqft lot in Chalmers presents a classic Winnipeg opportunity. Its appeal lies in a solid foundation with clear potential. The living space (1,249 sqft) is above average for the immediate street and neighbourhood, offering good interior volume. The property ranks highly for lot size within its area, suggesting room for gardens, play, or future expansion. A basement exists but is noted as not renovated, indicating a key area for future investment. The assessed value is modest, positioning it as an accessible entry point into the market.

This home is best suited for a practical buyer—perhaps a first-time purchaser, an investor, or a hands-on homeowner—who sees value in a character home on a substantial lot and is prepared to tailor updates over time. Its strong rankings for lot size and living area within a well-established neighbourhood make it a canvas for adding value through thoughtful renovation.

Frequently Asked Questions

1. What does "not renovated" for the basement imply?
It typically means the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to insulation, flooring, or finishes, and should have the foundation and moisture control inspected.

2. How significant is the lot size?
At over 5,600 sqft, the lot is a standout feature, ranking in the top 6% of the neighbourhood. This provides valuable outdoor space and is a long-term asset that often appreciates independently of the house itself.

3. The home is 101 years old. What should I be most concerned about?
Key focus areas for a home of this age include the condition of the roof, original windows, wiring, plumbing, and the integrity of the foundation. A thorough inspection is essential to prioritize any major systems needing repair.

4. How does the assessed value compare to the likely selling price?
Assessed value is for municipal tax purposes and is often, but not always, lower than market value. The selling price will be determined by current market conditions, the home's specific state, and buyer competition. Reviewing recent sale prices of similar nearby homes is crucial.

5. The neighbourhood rankings seem mixed. What's the context?
The property ranks very high for lot size but lower for year built on its street. This suggests it's on a street with a mix of older, character homes and possibly some newer infill. It indicates an established, evolving area where the value of your individual property and its potential can be very specific to the lot and house condition.