Property Overview: 288 Chalmers Avenue, Winnipeg

Key Characteristics & Buyer Appeal

This one-and-a-half storey home, built in 1930, presents a straightforward opportunity in Winnipeg's Chalmers neighbourhood. With 992 square feet of living space and a 3,381 sqft lot, its dimensions are typical for the immediate area but sit below the city-wide average, suggesting a more compact and manageable footprint. The property features a detached garage and an unrenovated basement, indicating a canvas for future improvements. Its most compelling characteristic is its value positioning; with a recent sale and assessed value around $20,500, it stands significantly below the Winnipeg average, offering a notably accessible entry point into the market.

The appeal lies in its affordability and potential. It suits first-time buyers or investors seeking a lower-stakes property in a mature neighbourhood. The home’s average rankings within its own street and area for size and year built suggest it fits comfortably within the context of Chalmers, making it a pragmatic choice rather than a standout. A thoughtful perspective is that this property represents the "bones" of a neighbourhood—a home whose value is derived more from its location and lot than from its current finishes, appealing to those who see utility over luxury or who plan to incrementally add value themselves.

Frequently Asked Questions

1. What is the true condition of the basement?
The listing explicitly states the basement is "not renovated." Buyers should budget for potential moisture management, insulation, and finishing to make it a comfortable living or storage space.

2. How does the lot size impact future plans?
At 3,381 sqft, the lot is smaller than the Winnipeg average. This may limit possibilities for large additions or detached structures but simplifies maintenance and could be a benefit for those seeking a lower-upkeep yard.

3. What does the assessed value being so far below the city average indicate?
While the assessed value is close to the recent sale price, its position in the bottom 10% city-wide primarily reflects the home's modest size, age, and the neighbourhood's overall valuation relative to newer or larger homes across Winnipeg. It is not necessarily an indicator of condition.

4. Is the detached garage a standard feature for the area?
Given the home's age and style, a detached garage is a common period feature. It provides useful storage or workshop space but may require updates to its structure, door, or electrical service.

5. What is the neighbourhood context for a home of this age and size?
Built in 1930, the home is slightly older than the average on its street but fits the established character of Chalmers. Its living area is very close to the neighbourhood average, indicating it was a standard housing type for the area, which can be positive for long-term value consistency.