Property Overview

This one-and-three-quarter storey home on Martin Avenue West, built in 1910, presents a straightforward opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its position as an affordable, no-frills property with a functional layout. The 912 sqft living space is typical for the immediate area, and the home sits on a 2,264 sqft lot. It features a basement, but it is not renovated, and there is no garage or pool. The most recent sale was in late 2019.

This property would suit a very specific buyer: someone looking for a low-cost entry point into the market, potentially an investor considering a rental property (with the necessary upgrades), or a hands-on buyer with the skills and budget to make gradual improvements. Its assessed value is significantly below the city-wide average, highlighting its role as a value-based option rather than a move-in-ready home. A thoughtful perspective is that while the lot is smaller than many in the city, it is manageable and may represent lower maintenance—a potential upside for a certain lifestyle. The home’s age and condition suggest it is a canvas for customization, appealing to those who want to add value through renovation rather than pay a premium for modern finishes.

Frequently Asked Questions

What does "one & 3/4 storey" mean?
This typically describes a home where the second floor has slightly less than full ceiling height, often with dormer windows. It's a common architectural style for homes of this era and can offer cozy, character-filled bedrooms, though headroom in some areas may be limited.

Is the basement finished or usable for storage?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate an unfinished space that will require inspection for moisture, foundation integrity, and the state of mechanical systems like the furnace and water heater.

How does the assessed value relate to the likely selling price?
The assessed value for municipal tax purposes ($20,400) is often different from market value. Given the 2019 sale price was $18,800, the current market price will be influenced by today's conditions, the property's state, and buyer demand for homes in this condition and price range.

What are the implications of the lot size being "below average"?
At 2,264 sqft, the lot is smaller than many in Winnipeg. This isn't uncommon for older neighbourhoods. The practical implications are a smaller yard for gardening or recreation, but also less exterior maintenance and potentially lower landscaping costs.

Are the mechanical systems (roof, wiring, plumbing) original?
Given the home was built in 1910, crucial systems have likely been updated at some point, but their age and condition are not detailed here. A key priority for any buyer should be a thorough inspection to understand the remaining lifespan and potential immediate costs for the roof, plumbing, and electrical systems.