Property Overview & Key Characteristics
This one-storey home at 33 Glenlawn Avenue in Winnipeg's Elm Park neighbourhood presents a practical opportunity. Its key appeal lies in a renovated basement and a detached garage, offering immediate functionality on a manageable 5,078 sqft lot. With a living area of 788 sqft, the house itself is notably compact—smaller than most comparable homes on its street and in the area. This creates a distinct profile: a property with an average assessed value for Elm Park, situated on a desirable street, but within a smaller-than-average footprint.
The home would suit a first-time buyer, downsizer, or pragmatic investor looking for an entry point into a well-established neighbourhood without a massive maintenance burden. Its size makes it efficient and affordable to maintain, while the renovated basement adds valuable flexible space. A thoughtful perspective is that this property offers the location and land value of Elm Park, but with a house scale that may align with modern desires for simpler living. It’s a chance to secure a spot in a mature community where the value is anchored by the neighbourhood itself, with the home representing a manageable project or a straightforward living space.
Frequently Asked Questions
1. Is the house too small?
At 788 sqft of living space, it is significantly smaller than the average home in Elm Park. However, the renovated basement effectively expands usable space. It's ideal for those who prioritize efficient living or have modest space needs.
2. How does the assessed value compare to the last sale price?
The home was last sold in September 2020 for $30,800. Its current assessed value is $32,700. This indicates stable municipal valuation in line with the market at that time, but a current market price would be determined by today's conditions.
3. What is the neighbourhood like?
Elm Park is a mature, established neighbourhood. The property's rankings show that for its street and immediate area, the home's age and value are quite typical, suggesting a consistent, stable community character.
4. What are the main advantages?
The key advantages are the renovated basement, detached garage, and the location on a quiet avenue within Elm Park. The lot size, while below average for the street, is still generous by city-wide standards and offers good outdoor potential.
5. What should I consider regarding updates?
Built in 1949, the home is older than many on its street. While the basement is renovated, a prospective buyer should consider the age and condition of major systems (roof, wiring, plumbing) and the main-floor living space, which may benefit from modernization.