Property Overview

This is a compact, one-storey home built in 1912 on a 2,263 sqft lot in Winnipeg's Chalmers neighbourhood. With 780 sqft of living space, an unrenovated basement, and no garage, it presents as a straightforward, no-frills property. Its key appeal lies in its position as an accessible entry point into the market, underscored by a very low assessed value and recent sale price. The home suits buyers looking for a minimal footprint to customize, an investor seeking a rental property with a low acquisition cost, or someone interested in the land value itself. It’s a practical choice for those comfortable with a project or who prioritize affordability and location over modern finishes and space.

Frequently Asked Questions

What does "below average" for land area mean here?
While the lot is smaller than most in the city, it is a fairly typical size for the immediate area. This isn't an oversized lot, but it provides a standard urban yard space for the neighbourhood.

Given the low sale price, is this a tear-down?
Not necessarily. The price reflects the home's age, condition, and compact size. It could be a live-in renovation project for a handy buyer or a long-term rental property for an investor. The decision to renovate or rebuild would depend on a buyer's goals and budget.

How does the assessed value compare to recent sale prices?
The current assessed value is $160k. The home sold for $173k in March 2025 and for $110k in December 2022. This suggests a market value that can fluctuate significantly, likely based on condition and buyer demand at the time.

What should I expect with a 114-year-old home?
You should budget for ongoing maintenance and updates. The unrenovated basement and original building era mean systems like plumbing, electrical, and the foundation require thorough inspection. This is a character home that will need thoughtful investment.

Who might this property not suit?
It's likely not a match for those seeking move-in-ready convenience, families needing multiple bedrooms and more living space, or anyone requiring attached parking. Its value is geared toward vision, investment potential, and affordability over immediate comfort.