254 Gordon Avenue

Property Overview & Key Characteristics

This one-and-a-half storey home on Gordon Avenue is a classic Winnipeg character property, built in 1906. Its primary appeal lies in its generous lot size—ranking in the top 7% citywide—offering significant outdoor space and potential in the Chalmers neighbourhood. With 1,052 sqft of living space, it is notably larger than many nearby homes. The property presents a clear value proposition, as its current assessed value is substantially higher than its last sale price in 2019, suggesting room for equity growth. It has an unfinished basement, no garage, and no pool.

This home is best suited for a value-conscious buyer or investor who prioritizes land size over move-in-ready finishes. It’s ideal for someone looking for a character home with “good bones” and the space to gradually renovate or expand to their own taste. The numbers indicate it could be a strong candidate for adding value through thoughtful updates.

Frequently Asked Questions

What does the “one-and-a-half storey” design typically mean?
This style usually features a main floor with principal rooms and a second floor under sloped roofs, creating cozy bedrooms with potentially unique layouts. It’s a charming, classic design common in Winnipeg’s older neighbourhoods.

How significant is the lot size?
At 2,642 sqft, the lot is a standout feature. It ranks highly even within its own street and across Winnipeg. This provides ample yard space and future potential for additions, gardens, or outdoor living areas that are harder to find in newer developments.

Why is there such a gap between the last sale price and the current assessed value?
The 2019 sale price was exceptionally low, ranking at the very bottom of local sales. The current assessment is more aligned with area norms. This gap may reflect a previous distressed sale or significant market changes, but it highlights the importance of a current home inspection to understand the property's condition.

What should I know about the unfinished basement?
An unfinished basement offers flexible storage or utility space. However, in a 120-year-old home, it’s crucial to have it inspected for foundational integrity, moisture control, and the state of major systems like plumbing and electrical, which will likely need updating.

How does this home compare to others in the area?
It sits on a larger-than-average lot and has more living space than many comparable listings in Chalmers. While older, its assessed value is among the highest on the street, indicating the municipality recognizes its underlying property value. It represents a different proposition than smaller, more recently built homes in the area.