Property Overview: 1152 sqft Home on Tweed Avenue, Chalmers, Winnipeg

Section 1: Key Characteristics & Buyer Profile

This is a 1911-built home with 1,152 square feet of living space on a 2,761-square-foot lot. Its appeal lies in sizing and value. The living area is above average for both its street and the Chalmers area, placing it in the top quarter of nearby homes. However, the assessed value of $164,000 sits well below the averages for those same benchmarks—roughly 17% lower than the street average and 22% lower than the area average. This creates a notable gap: you get more interior space than most neighbours for a notably lower tax assessment. The trade-off is that the home is older (bottom 7% citywide) and the lot is smaller than typical for the area. The land area, at 2,761 square feet, is below average for both the street and the neighbourhood, which limits yard space but also reduces upkeep. This property would suit a buyer who prioritizes interior square footage and lower carrying costs over a large lot or a newer build. It’s a practical fit for someone comfortable with an older home’s character and maintenance realities, or for an investor seeking an asset with below-market assessed value in a solid inner-city area.

Section 2: Frequently Asked Questions

1. Why is the assessed value so low relative to the area?
The home’s value ranks in the bottom 4% citywide. This likely reflects a combination of its 1911 construction date, smaller land size, and possibly interior condition or lack of major upgrades. The low assessment means property taxes are lower than most comparable homes, but it may also signal that significant renovations or updates are needed.

2. How does the living area compare to what’s typical?
It’s 1,152 square feet—above average for both Tweed Avenue (980 sqft average) and Chalmers (953 sqft). It’s smaller than the citywide average of 1,342 sqft, but that average includes much larger suburban homes. Within its immediate context, the home offers notably more space than what’s common nearby.

3. Is the land size a dealbreaker for most buyers?
That depends on expectations. The lot is smaller than 92% of properties citywide and below average for the street and area. If you want a large garden, space for an addition, or a garage, this lot is limiting. If you prefer low-maintenance outdoor space or are focused on the interior, it’s less of an issue.

4. What should I look for given the 1911 build date?
Homes from that era often have good bones but outdated systems. Expect potential issues with original wiring, plumbing, insulation, and foundation settling. The fact that it’s ranked in the bottom 7% citywide for year built means it’s older than the vast majority of Winnipeg homes, so a thorough inspection is essential, especially for structural and mechanical conditions.

5. How do these rankings work exactly?
Each metric (living area, assessed value, year built, land area) compares the property against other homes in three scopes: the same street, the same area (Chalmers), and citywide (Winnipeg). A higher rank means the property outperforms more homes in that category. For example, the property ranks in the top 28% on its street for living area (bigger than 72% of neighbours), but in the bottom 45% citywide for the same metric. Rankings use a median benchmark for “average.”