Property Overview
57 Glenlawn Avenue is a classic one-storey home in Winnipeg's established Elm Park neighbourhood. Built in 1949, it features 864 sqft of living space, a renovated basement, and a detached garage on a 5,079 sqft lot. The home recently sold for $42.70k, above its $32.50k assessed value. Its appeal lies in its manageable size, recent basement renovation, and location on a quiet street within a mature community. The data suggests it's a home of averages for its immediate area in terms of value and size, but with a lot size that is notably generous for Elm Park. This property would suit first-time buyers, downsizers, or investors looking for a solid, no-fuss home in a stable neighbourhood without the maintenance of a larger property. It offers an opportunity to live in a sought-after area at a relatively accessible entry point, with the renovated basement adding immediate functional space.
Frequently Asked Questions
Is the lot size a pro or a con?
While the lot is below the average size for both the street and Elm Park, it remains over 5,000 sqft—a very usable outdoor space that is easier to maintain than larger yards, which can be a plus for many buyers.
How does the sale price compare to the assessment?
The home sold for approximately $10,000 above its assessed value. This is common in active markets and can indicate buyer demand for the specific location or features, like the renovated basement.
What does the "around average" ranking mean for value?
The home's assessed value ranks consistently around the 60th-70th percentile at the street, neighbourhood, and city level. This indicates it is priced squarely within the mainstream of the market, not an outlier, which can provide stability and predictability.
Who might this home not suit?
Buyers needing significant main-floor living space or multiple bedrooms may find the 864 sqft layout limiting. It's best for those comfortable with a compact, efficient floor plan or who will utilize the renovated basement.
Is the older age of the home (1949) a concern?
The year built is above average for Elm Park, meaning it's actually newer than many homes in the area. While systems and structure should always be inspected, its age is typical and expected for this character neighbourhood.