Property Overview: 302 Washington Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home on Washington Avenue in Chalmers is defined by its generous proportions and established character. Built in 1932, it sits on a large, 5,863 sqft lot that is notably larger than most in the immediate area and neighbourhood. The primary appeal lies in its exceptionally spacious 2,114 sqft of living area, which ranks in the top 1% for size compared to nearby homes, offering ample room for a growing family or those who value expansive living quarters. The property features a renovated basement and a detached garage.

Its value proposition is clear: it is a substantially larger-than-average home for the Chalmers area, providing space typically found in more suburban settings while being located in a mature, established community. This home would best suit buyers looking for a "larger lot, larger house" opportunity within the city, who appreciate the character of an older home and have the potential budget for updates that a 94-year-old property may require. A thoughtful perspective is that while the home is older than the citywide average, its above-average size and lot dimensions in this specific location represent a unique and fixed asset that cannot be replicated in newer subdivisions.

Section 2: Frequently Asked Questions

1. How does the assessed value relate to the recent sale price?
The home last sold in November 2021 for $360,000, which was well above the neighbourhood average at that time. The current assessed value for taxation purposes is $35,500. It's important to understand that municipal assessed value is not a direct indicator of current market value but is used for calculating property taxes.

2. What does the "top 1%" ranking for living area actually mean?
This statistic means that, compared to the 185 homes on Washington Avenue used in the comparison, this home's living space is larger than 99% of them. In the broader Chalmers neighbourhood, it is also in the top 1% for size among over 2,800 comparable properties, highlighting its rarity for the area.

3. The home was built in 1932. What should I consider?
While the structure is sound and offers classic character, a home of this age will likely have older mechanical systems (like plumbing and electrical) and require consistent maintenance. The renovated basement is a positive update, but a thorough inspection is essential to understand the condition of the roof, foundation, and other original components.

4. The lot is large, but what about the neighbourhood context?
The lot is in the top 5% for size on Washington Avenue, offering significant outdoor space. However, the data shows that citywide, lots are generally larger. This means you're getting an excellent lot for this established inner-city area, with more privacy and yard space than most close-by neighbours, but it may not compare to a newer suburban lot.

5. Who are the typical neighbours?
Based on the provided nearby properties, you would be surrounded by a mix of similar early-to-mid 20th century homes, primarily two-storey and bungalow styles. The close proximity of homes (with neighbours roughly 18-36 meters away) is typical for the area and period, offering a close-knit community feel.