Property Overview: 426 Winterton Avenue, Winnipeg

Key Characteristics & Appeal

This well-situated 1.5-storey home in Chalmers presents a compelling blend of space, established character, and modern updates. Built in 1950, it sits on a generously sized lot (4,795 sq ft) that ranks within the top 9% for the street, offering ample outdoor potential. The 1,417 sq ft of living space is notably larger than most comparable homes in the immediate area, placing it in the elite top 5% on its street. A key modern convenience is the renovated basement, adding functional living space. The property includes a detached garage.

Its appeal lies in its above-average metrics for the neighbourhood, providing more interior and exterior space than is typical, which is a significant value proposition. It would suit a buyer looking for a character home with room to grow, whether that's for a family, gardening, or future projects. The renovated basement also makes it move-in ready for someone prioritizing updated essentials without needing a full renovation. A thoughtful perspective is that while the home is newer than many on its street, its assessed value remains efficient for the amount of space offered, suggesting potential for value appreciation in a well-established area.

Frequently Asked Questions

1. How does the lot size compare to a typical city lot?
At 4,795 sq ft, the lot is significantly larger than the Winnipeg average of approximately 6,570 sq ft. However, within the Chalmers neighbourhood and especially on Winterton Avenue, it is considered an above-average to large property, ranking in the top 13% and top 9% respectively.

2. The home was built in 1950. What should I consider?
While newer than many homes in Chalmers (ranking in the top 25% for the neighbourhood), a home of this age will have vintage charm but may also have original components, like windows, plumbing, or electrical systems, that could require attention or updating despite the basement renovation.

3. What does the "Elite" ranking for living area mean?
This statistic indicates that, compared to similar homes on Winterton Avenue, this house has substantially more living space (1,417 sq ft vs. an average of 877 sq ft). It means you are getting more interior square footage than 95% of comparable properties on the same street.

4. Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value of $30.1k is for municipal tax purposes. The home last sold for $270,000 in January 2022. The assessed value ranking shows the property is valued highly relative to its immediate peers, but market conditions and home features will determine the actual sale price.

5. What is the significance of having a detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, as a workshop, or for additional storage without impacting the main house's layout. It may also provide more options for future landscaping or garden space placement on the sizable lot.