Property Overview

This 2017 bi-level home at 260 Bowman Avenue in Winnipeg's Chalmers neighbourhood presents a compelling mix of modern build and efficient living. Its key appeal lies in being a nearly new construction within a landscape of much older homes, offering move-in readiness with a renovated basement. The detached garage and a 2,500 sqft lot provide practical outdoor space. With a living area of 906 sqft, it is a comfortably sized, low-maintenance property.

The home is ideally suited for first-time buyers seeking a modern, worry-free foundation without the premium of a brand-new subdivision, or for investors looking for a relatively new asset with strong assessed value metrics for the area. Its efficient size and newer systems (like plumbing and wiring) also appeal to downsizers wanting single-level living potential and lower upkeep.

Key Considerations & FAQs

1. The assessed value seems much lower than typical city homes. Why?
This is normal for the Chalmers area. The home's assessed value of $31.5k is in the top 5% for the neighbourhood, meaning it is actually valued very highly compared to its immediate peers. City-wide averages are skewed by higher-value districts.

2. How does the lot size compare?
At 2,500 sqft, the lot is slightly below average for the city but typical for the local area. It provides adequate private outdoor space for a patio, garden, or play area without demanding extensive yard work.

3. What does the "Elite" ranking for Year Built mean?
Built in 2017, this home is newer than approximately 95-97% of homes in its immediate area and across Winnipeg. This is a significant advantage, suggesting newer building materials, modern energy efficiency, and less imminent need for major system replacements (roof, furnace, etc.) compared to the area's older housing stock.

4. Is the living space sufficient for a family?
At 906 sqft, the living area is average for the street and neighbourhood. The bi-level design with a renovated basement effectively doubles the functional space, making it suitable for a small family or couple. Those needing extensive above-ground square footage may find it compact.

5. What is the significance of the 2017 sale price?
The home sold for $27.4k in 2017, which was above average for the street and neighbourhood at the time. This indicates it has likely been perceived as a premium property in the area since its construction, a trend reflected in its current high assessed value ranking locally.