Property Overview: 369 Glenbush Street
Key Characteristics & Appeal
This two-storey home, built in 2021, offers modern living in a well-established Winnipeg neighbourhood. Its primary appeal lies in a combination of new-build convenience and a generous, mature lot. With 2,674 sqft of living space, it ranks in the top 15% for size on its street and the top 1% within its wider neighbourhood, offering more room than most nearby homes. The property sits on a large 5,842 sqft lot, placing it in the top 19% on the street for land area. Key features include a renovated basement and an attached garage.
Beyond the basics, the property presents a compelling value proposition. Its assessed value is consistently in the top 1-2% of both the neighbourhood and the entire city, suggesting strong appraisal fundamentals. Yet, it resides on a street with a mix of older and newer homes, offering a blend of established community character without sacrificing modern amenities. This home would ideally suit buyers looking for the space and lot size of an older property but who want to avoid immediate major renovations or updates. It’s also a strong fit for those who value above-average interior space and a premium lot within a sought-after local area.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the finish or layout. A buyer should inquire about the scope of work, the quality of finishes, and whether it includes legal egress, a bathroom, or a separate entrance.
2. The home is newer (2021), but how does it fit into the older neighbourhood?
The property ranks highly for both size and value in its area, meaning it likely complements the neighbourhood as a modern, larger home. This can be appealing but checking with the city on any upcoming developments or infill patterns on the street would be prudent.
3. The assessed value is significantly higher than the last sale price in 2021. What does this mean?
The assessed value of $97.20k (likely in hundreds of thousands) has increased from the 2021 sale price of $96.80k, showing stable or slightly appreciating value according to municipal assessment. It’s a positive indicator, but market value is determined by current buyer demand.
4. Are there any concerns with a home built just 5 years ago?
While major structural issues are less likely, it’s within the timeframe when builder warranties may be expiring. A thorough inspection is still recommended to identify any construction shortcuts or early-stage maintenance items.
5. The lot is large, but what about outdoor maintenance?
A 5,842 sqft lot in the top tier for the street offers great space but also requires considerable upkeep. Buyers should consider the time and cost for landscaping, lawn care, and seasonal maintenance that comes with a premium-sized property.