Property Overview & Appeal

This 1907 one-and-a-half storey home in Chalmers presents a classic Winnipeg character property on a notably large lot. Its key appeal lies in its generous 5,502 sqft land area, which ranks in the top 15% for its street, offering significant outdoor space and potential in a mature neighbourhood. With 1,170 sqft of living space, the home itself is above average for the immediate area. It features a detached garage and an unrenovated basement, pointing to a property that is livable but holds clear potential for updates and personalization. The assessed value is modest relative to the lot size, which may indicate an opportunity for value growth.

This home would suit a buyer looking for a project-in-waiting, whether that’s gradual modernization or a future expansion leveraging the large lot. It’s ideal for someone who values space over turn-key finish, appreciates historic charm, and has a vision to add their own equity through renovation. The stats suggest you’re purchasing a piece of land with a solid, older home on it, rather than a recently updated property.

Frequently Asked Questions

1. What does "one-and-a-half storey" typically mean for a 1907 home?
This style usually features a main floor with principal rooms and a second floor under sloping roof lines, often creating cozy bedrooms with unique character. Expect classic layouts like a center hall plan and potentially charming built-ins, but also considerations like smaller windows or lower ceilings in the upper half-storey.

2. The assessed value seems low. What does this mean for property taxes and market price?
Assessed value is used for municipal tax calculation, so a lower assessment can mean relatively lower property taxes. Market price, however, is determined by what buyers are willing to pay, which can be significantly higher, especially for a large lot. The assessment here suggests the official valuation hasn’t caught up to potential market desirability for the land.

3. The basement is noted as "not renovated." What should I anticipate?
For a home of this era, this likely means a traditional stone or concrete foundation with basic utility space. It may be suitable for storage and housing mechanical systems but will require significant investment for finishing or waterproofing if living space is desired.

4. How significant is the lot size here?
Very. At over 5,500 sqft, the lot is a standout feature. It provides ample yard space, room for gardening, play, or additions, and better privacy than smaller, newer lots. This is a long-term asset that is increasingly rare in central neighbourhoods.

5. The home ranks highly for lot size but lower for year built on its street. Is this a concern?
Not necessarily. It indicates the property is on a street with a mix of older and newer homes. Your immediate neighbours might have more modern houses, but your lot is larger than most. It reflects a neighbourhood that has evolved over time, with your property offering a vintage home on a premium-sized parcel.