Property Overview

344 Winterton Avenue is a well-situated one-storey home in Winnipeg's Chalmers neighbourhood, built in 1950. It sits on a notably spacious lot (4,497 sq ft) that ranks well above average for its street and area. The home itself is compact at 943 sq ft of living space but features a renovated basement and a detached garage. It last sold in March 2023 for $250,000, which aligns with its current assessed value.

Key Characteristics & Appeal

The primary appeal of this property is its land. The lot size is a significant asset, offering ample outdoor space and potential that is increasingly rare, especially in this price range. The renovated basement adds functional living area, providing flexibility beyond the main floor's footprint. While the home is older and the living area is modest by city-wide standards, it presents a solid, grounded opportunity in a mature neighbourhood.

This home would suit a first-time buyer or a practical downsizer who prioritizes yard space and value over a large interior. It’s for someone who sees the potential in the generous lot—whether for gardening, pets, or future expansion—and is comfortable with a home that offers cozy, efficient living spaces. The recent sale also suggests it’s a straightforward, market-priced property without a complicated history.

Frequently Asked Questions

Q: How does the lot size compare to nearby properties?
A: The 4,497 sq ft lot is in the top 13% on Winterton Avenue and the top 17% in the Chalmers neighbourhood, meaning it's significantly larger than many comparable local properties.

Q: Is the assessed value in line with recent sale prices?
A: Yes. The home sold for $250,000 in March 2023, and its current assessed value is also $250,000, indicating the assessment closely reflects the recent market price.

Q: What should I know about the living space?
A: The main living area is 943 sq ft, which is average for Chalmers but below the Winnipeg average. The renovated basement provides additional finished space, which is a key feature to consider for overall utility.

Q: How does this property rank for value in Winnipeg?
A: Its assessed value of $250k ranks in the top 83% city-wide, meaning it is considered a below-average value for Winnipeg as a whole. This highlights its positioning as an affordable entry point, especially when combined with its above-average lot size for the local area.

Q: What is the context of the "renovated basement"?
A: The listing confirms the basement is renovated, but the scope, quality, and permits for this work are not detailed. This would be a critical point for a home inspection and discussion with the seller to understand what was done and when.