Property Overview & Key Characteristics

This two-storey home at 400 Thames Avenue in Winnipeg's Chalmers neighbourhood presents a distinct value proposition centred on its generous interior space and established location. Built in 1908, its key appeal lies in its above-average living area of 1,260 sqft, which is notably larger than most comparable homes on its street and in the wider neighbourhood. This makes it a practical choice for those needing more room without a modern footprint.

The property sits on a modest, below-average city-sized lot, suggesting lower maintenance demands for the yard. It features a basement that is present but not renovated, and there is no garage or pool. Its assessed value is consistently below the Winnipeg average, indicating a lower property tax burden and an accessible entry point into the market. The home last sold in 2021 for $19,500.

This property would suit a pragmatic, value-conscious buyer—perhaps a first-time homeowner, an investor, or someone looking to downsize their expenses but not their indoor living space. It’s for someone who views a home as a functional canvas, is comfortable with a property that has a vintage character (and the potential projects that come with it), and prioritizes interior square footage and affordability over modern updates or expansive outdoor space.

Frequently Asked Questions

1. What does the "below average" assessed value mean for me?
A lower assessed value typically translates to lower annual property taxes compared to many homes in Winnipeg, which is a direct, ongoing cost saving. It reflects the market’s valuation of the home’s age, condition, and location relative to city-wide averages.

2. The living area is above average, but the lot is below average. How does this play out?
This combination means you get a relatively spacious interior for the area, but with a smaller yard to maintain. It’s an efficient use of land, offering more house and less garden, which could be ideal for those who prefer low-maintenance outdoor space or prioritize indoor living.

3. The home was built in 1908. What should I consider?
While offering classic character and solid construction, a home of this age will likely have older building systems (like plumbing and electrical) and require diligent maintenance. The unrenovated basement suggests potential for future development but also means it’s currently a functional, not finished, space.

4. How does this property compare to others on Thames Avenue?
The data shows it ranks well for living space (7th largest out of 35) but is older and on a smaller lot than most on its street. This indicates it’s a larger home on a tighter parcel compared to its immediate neighbours, potentially offering more privacy indoors than out.

5. There’s no garage. What are the parking options?
The listing confirms there is no garage. Buyers should investigate on-street parking permits, regulations, and typical availability on Thames Avenue to understand their daily parking situation.