Property Overview

This is a compact, one-storey home built in 1910 on a standard city lot in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its affordability and land value, presenting a straightforward opportunity for a specific type of buyer. The 875 sqft house is functional but unrenovated, featuring a basement that is also in original condition. There is no garage or pool. The property recently sold for $17,800, which is consistent with its low assessed value.

This home would suit a buyer looking for an entry point into the market with minimal upfront investment, such as a hands-on renovator, an investor seeking a low-cost rental property, or someone primarily interested in the land value for future redevelopment. Its smaller size and vintage also make it a potential candidate for downsizers seeking the simplest form of homeownership. A thoughtful perspective is that, while the house itself is modest, its lot size is proportionally generous for the area, offering valuable outdoor space or future expansion potential that isn't always available in this price range.

Frequently Asked Questions

1. What does "not renovated" typically mean for a house of this age?
It generally indicates the home retains its original major systems (like wiring, plumbing, heating) and finishes. Buyers should budget for modernizations and be prepared for the possibility of knob-and-tube wiring or original plumbing.

2. Why is the sale price so close to the assessed value?
In Winnipeg, the assessed value is for municipal tax purposes and is often lower than market value. However, in this case, the close alignment suggests the market primarily values the land, with the existing structure contributing little additional value.

3. Is the lack of a garage a significant drawback in this area?
Many older homes in Chalmers do not have garages. On-street parking is common. For some buyers, this is an acceptable trade-off for the lower price point, but it's a practical consideration for vehicle ownership.

4. How does the lot size compare to others?
At 2,877 sqft, the lot is slightly below the average for the immediate street but is very close to the typical size for the Chalmers neighbourhood. It provides a standard city yard.

5. What is the significance of the home's rankings (e.g., "Top 70% for land area")?
These rankings compare this property to others on the same street, in the same neighbourhood, and city-wide. For example, "Top 70%" for land area on its street means it has more land than 70% of its immediate neighbours, which is a relative strength in its local context.