Property Overview

This one-and-a-half storey home, built in 1910, presents a unique opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in the combination of a generous, above-average lot and a recently renovated basement, offering a solid foundation for further personalization. The home suits a practical buyer—perhaps a first-time homeowner, an investor, or a downsizer—who values land size and character over modern square footage and is prepared to update a classic structure. Its strong assessed value relative to the immediate area suggests it is already recognized as a solid asset within its local context.

Key Characteristics & Appeal

The standout feature is the 5,738 sqft lot, which is notably larger than most in both the immediate area and the wider Chalmers neighbourhood. This provides valuable outdoor space and future potential. The living area is comfortable and above average for the community, though the home’s 1910 vintage means systems and layout may require consideration. A key modern update is the renovated basement, adding functional space. The property lacks a garage.

This home would suit a value-conscious buyer who sees potential in a large lot and is comfortable with a project. It’s ideal for someone wanting to put their own stamp on a property without starting from scratch, or for an investor looking at the long-term value of land in a well-established area. Its strong standing in local assessments indicates it's a property with inherent worth in its community.

Frequently Asked Questions

1. What does the "above average" assessed value mean for this property?
It means the municipal assessment is higher than most comparable homes on the same street and in Chalmers. This often reflects the value of its large lot and recent improvements like the basement renovation, but it's a factor to consider for property tax calculations.

2. The home was built in 1910. What should I be aware of?
While the basement has been renovated, the core structure is over a century old. Prospective buyers should budget for and prioritize inspections of major aging components, such as the foundation, plumbing, electrical wiring, and the roof.

3. There's no garage. Is adding one feasible?
Given the very large lot size, adding a garage or a parking pad is likely a viable option, subject to local zoning bylaws and permit requirements. The ample land is a significant asset for adding this kind of improvement.

4. How does the living space compare to newer homes?
At 1,164 sqft, the living area is spacious for the Chalmers neighbourhood but may have a different flow or room sizes than a modern layout. The renovated basement effectively adds additional functional space to the footprint.

5. The last sale was in 2017 for $26.5k. How is the current assessed value $30.6k?
Municipal assessments for tax purposes are based on market trends and property characteristics, not past sale prices. The increase suggests the city’s valuation model recognizes the property's value, particularly its land size, as having risen relative to others in the area since 2017.