Property Overview

330 Tweed Avenue is a one-and-a-half storey home built in 1910, situated on a 2,753 sqft lot in Winnipeg's Chalmers neighbourhood. It features a renovated basement and sold recently for $25,500. The home presents a specific value proposition, standing out more for its interior space than its land size.

Key Characteristics & Appeal

The primary appeal of this property lies in its efficient use of space and its position as an affordable entry point into homeownership. With 1,185 sqft of living area, it offers significantly more interior space than many comparable homes on its street and in the wider neighbourhood. This makes it a practical choice for small households or first-time buyers who prioritize indoor living area over a large yard. The renovated basement adds functional, modernized space.

Its assessed value is modest, especially when viewed city-wide, which translates to lower property taxes—a key, often overlooked financial benefit. The lot size is below average for Winnipeg but typical for the area, suggesting a lower-maintenance yard suited for those not wanting extensive outdoor upkeep.

This home would suit a pragmatic buyer: perhaps a first-time purchaser, an investor looking for a rental property with strong fundamentals, or someone seeking a cost-effective living space without major renovation needs. It’s less suited for those seeking a large private outdoor space or a recently built home.

Frequently Asked Questions

1. Why is the sale price so much higher than the assessed value?
Assessed value is for municipal tax purposes and often lags behind the current market. The sale price reflects what a buyer was willing to pay in the present market, which can be influenced by factors like the renovated basement and the home's above-average living area for its immediate area.

2. What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor and a second floor under a sloped roof, where the upper rooms may have slanted ceilings. It's a classic Winnipeg design, often with character, but may have less full-height space on the second floor than a true two-storey.

3. Is the below-average lot size a major drawback?
It depends on your priorities. The lot is manageable and typical for Chalmers, requiring less time and money for maintenance. For buyers focused on interior space and affordability, this is a fair trade-off. For those wanting extensive gardening or outdoor recreation space, it may be limiting.

4. What should I consider with a home built in 1910?
While the renovated basement is a plus, prospective buyers should pay special attention to the condition of original elements like wiring, plumbing, and the foundation. A thorough inspection is essential to understand what updates have been made and what vintage features remain.

5. How does this home compare to others on the street?
The data shows this home ranks highly for its living area on Tweed Avenue, meaning you get more interior space than most neighbours. Its lot size and age are around average for the street, so it stands out specifically for its spaciousness relative to nearby properties.