Property Overview: 48 Glenlawn Avenue, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Elm Park offers a practical and comfortable footprint. With 1,231 sqft of living space, it sits above average for its immediate street and is competitively sized within the established neighbourhood. A key feature is the renovated basement, adding valuable finished space. The property includes a detached garage and a standard-sized lot just over 5,200 sqft.
The appeal lies in its position within a mature, tree-lined area and its move-in-ready condition due to the basement renovation. The home’s metrics—living area, assessed value, land size—consistently show it is a solid, average-to-above-average property within its specific local context, suggesting a stable and predictable investment in a desirable area.
This home would suit first-time buyers or downsizers looking for a manageable single-level layout in a prime neighbourhood without the premium price of a larger or fully modernized property. It’s also a sensible fit for value-conscious buyers who appreciate the character of an older home (built 1949) but want the immediate utility of updated living space, as evidenced by the renovated lower level.
Section 2: Frequently Asked Questions
1. How does this home compare to others in Elm Park?
The data indicates this home is competitively positioned. Its living space is above the neighbourhood average for similar homes, while its assessed value and lot size are squarely in the average range. This suggests you’re getting more interior space relative to many peers in the area.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope, quality, and permits should be verified. A professional inspection is recommended to detail the finishes, ensure compliance with building codes, and check for any moisture issues common in older homes.
3. Is the assessed value a good indicator of the sale price?
Not directly. The assessed value (36.40k) is for municipal tax purposes. The last recorded sale was in September 2022 for 410k, which is a more relevant market benchmark. Always rely on a comparative market analysis from your real estate agent for current pricing.
4. What are the implications of a detached garage?
A detached garage offers flexibility and can reduce noise transfer from vehicles to the house. However, it requires going outdoors to access, which can be a consideration during Winnipeg winters. The condition of the structure and the pathway to it should be evaluated.
5. The home was built in 1949. What should I be aware of?
While the basement has been renovated, core systems like plumbing, electrical, the roof, and the foundation are original or nearing the end of their typical lifespan. A thorough inspection is crucial to budget for potential updates or repairs, which is a common trade-off for the character and location of an older home.