Property Overview: 275 Washington Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1945, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its above-average land size (4,502 sqft) for the local area, offering more outdoor space than many nearby properties. The 1,099 sqft living area is also notably spacious for the immediate street and neighbourhood. A key feature is the renovated basement, adding functional living space. There is no garage or pool.

The home suits value-conscious buyers looking for a solid footprint and potential in a mature neighbourhood. It’s particularly well-matched for a first-time buyer, an investor, or someone seeking a manageable property with a generous lot relative to its peers. The data suggests it's a property that stands out positively within its local context (ranking in the top 21-28% for living area and land locally) while being assessed at a very accessible value point citywide. A thoughtful perspective is that this property represents a "larger fish in a smaller pond"—it offers more space and land than its direct competitors on the street and in Chalmers, which could be a strategic advantage for future livability or value.

Section 2: Frequently Asked Questions

1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A professional inspection or direct inquiry with the seller is recommended to understand the scope, quality, and permitted status of the renovations.

2. How does the assessed value relate to the likely sale price?
The home last sold in July 2019 for $24,600 and is currently assessed at $25,400. This assessed value is for municipal tax purposes and is typically lower than market value. The sale price will be determined by current market conditions, the home's condition, and buyer demand.

3. What are the implications of having no garage?
Buyers should consider the practicality of street parking or the potential cost and feasibility of adding a garage or parking pad in the future, factoring in the sizable lot as a positive for such a project.

4. The home is older—what should I be mindful of?
Built in 1945, potential buyers should pay special attention to the condition of major aging components during an inspection, such as the roof, foundation, plumbing, and electrical systems, even with a renovated basement.

5. How does this property truly compare to others nearby?
The data shows that compared to homes on Washington Avenue and in the Chalmers area, this property has more living space and a larger lot than average. However, citywide, its assessed value is below average, indicating it sits in a more affordable market segment. This contrast highlights its local appeal.