Property Summary: 425 William Newton Avenue

Section 1: Key Characteristics & Appeal

This home is a classic one-and-three-quarter storey property built in 1907, presenting a distinct blend of historic character and practical potential. Its primary appeal lies in its generous proportions relative to the local area. With 1,602 sqft of living space, it offers significantly more room than most homes in the Chalmers neighbourhood and on its own street. This is complemented by a large, above-average lot of over 5,700 sqft, providing ample outdoor space—a notable asset in an established community.

The home suits two main types of buyers. First, it’s a practical canvas for a hands-on buyer or investor looking for a property with solid fundamentals (large lot, good living space) where value can be added over time, particularly as the basement is noted as unrenovated. Second, it appeals to those seeking a historically grounded home with room to grow, who are comfortable with the upkeep of an older structure and value the established streetscape of William Newton Avenue. A less obvious perspective is the financial profile: with a very low assessed value and recent sale price, it represents a notably low entry point into the market, which can be advantageous for certain financial strategies or for allocating renovation budgets.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the citywide average?
Assessed values are relative. While low compared to the entire city, this home’s assessment is actually around the average for both its immediate street and the Chalmers neighbourhood, reflecting local market conditions.

2. What does "one & 3/4 storey" mean for living space?
This architectural style typically features a full main floor and a second floor where the roofline slopes inward, creating some rooms with sloped ceilings. The 1,602 sqft includes all finished levels, offering a classic layout often found in Winnipeg’s older neighbourhoods.

3. How does the lot size compare practically?
At 5,738 sqft, the lot is larger than approximately 73% of properties in Chalmers. This means more private yard space, potential for gardening, or room for additions like a shed or deck, compared to many neighbouring homes.

4. The home sold recently in late 2023. What does the price history indicate?
The sale price in November 2023 was very close to its assessed value. A previous sale in early 2021 was significantly higher. This recent sale likely represents a market correction or a sale under specific conditions, establishing a new, lower baseline for the property.

5. What should I consider about the home’s age?
Built in 1907, the home is older than most in the city. This brings character and sturdy construction, but a proactive inspection is essential to understand the condition of major aging components like wiring, plumbing, and the foundation, which will inform renovation priorities and budgeting.