Property Overview: 381 Union Avenue W, Winnipeg

Key Characteristics & Buyer Appeal

This 2017-built bi-level home in Chalmers presents a distinct profile. Its primary appeal lies in its modern construction, being newer than approximately 95-98% of homes in its area and citywide. This translates to fewer immediate concerns about aging infrastructure, major systems, or foundational wear compared to the neighbourhood's predominantly early 1900s housing stock. The home sits on a modest, manageable lot and features a compact, efficient living space of 798 sqft, which may suit those seeking minimal upkeep.

The property’s assessed value is notably above average for its immediate street and neighbourhood, yet well below the citywide average, positioning it as a relatively affordable entry point into a newer build. It does not have a garage, and the basement exists but is not renovated, representing clear potential for future expansion or customization.

This home would best suit a first-time buyer, an investor, or a downsizer who prioritizes modern construction over square footage. It’s for someone comfortable with a cozy layout who sees value in a "blank slate" basement and a smaller yard to maintain. A thoughtful perspective is that this property offers the rarity of a contemporary structure in a historic area, providing modern efficiencies while still being part of an established community.

Frequently Asked Questions

1. What does "bi-level" mean for this home?
A bi-level typically means you enter onto a small landing, with stairs leading directly up to the main living area and down to a lower level. Here, the lower level is a basement that is confirmed as "not renovated," so it awaits finishing.

2. How does the small lot size impact me?
The land area is smaller than most in the area, which means less exterior maintenance. However, it also limits potential for large additions, extensive landscaping, or detached structures like a garage or large shed.

3. The assessed value seems low compared to the city. Why?
The assessed value reflects the property's characteristics (size, age, location) relative to the market. While it's above average for its own neighbourhood, the average home in Winnipeg is larger, on a bigger lot, and may be in areas with higher market values, explaining the citywide difference.

4. Given it was built in 2017, are there any builder warranties that might still be in effect?
Some components of a home built in 2017 may still be under original builder or manufacturer warranties, which typically range from 1 to 10 years depending on the component. This would require verification with the seller.

5. What are the implications of having no garage?
You will need to budget for alternative parking and storage solutions. Consider the cost of installing a driveway pad if one doesn't exist, and factor in vehicle warming in winter and where to store tools or seasonal items.