Property Overview: 100 Hart Avenue, Glenelm, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, situated on a modest lot in the Glenelm neighbourhood. With 838 square feet of living space and an unrenovated basement, it presents as a straightforward, no-frills property. Its key appeal lies in its position as an accessible entry point into the Winnipeg market. The home's assessed value is notably below averages for its street, neighbourhood, and the wider city, indicating a lower property tax burden and an opportunity for buyers with a limited budget.
The property would suit a first-time buyer, an investor, or someone looking to downsize who prioritizes location and affordability over square footage and modern finishes. It’s a practical canvas: the smaller size means lower utility costs and less maintenance, while the unrenovated state allows a new owner to tailor updates to their own taste and budget over time. A thoughtful perspective is that its below-average rankings in size and value for the area could represent a chance to own in a established neighbourhood without the premium price tag of its larger neighbours, making it a strategic purchase for long-term holding.
Frequently Asked Questions
1. Is this a "teardown" or a liveable home?
Based on the sold price history and assessed value, it is likely a liveable, functional home rather than a vacant lot or derelict structure. Its continued occupancy and sales history suggest it serves as habitable housing.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects factors like the home's smaller size, age, and specific market conditions in its immediate area. It is consistent with being below average for its street and neighbourhood, which translates to a proportionally lower property tax bill.
3. What does "below average" for land area mean for me?
The lot is smaller than most in Glenelm. This typically means less exterior maintenance and yard work, which can be a benefit for those seeking simplicity. However, it also limits potential for large additions or extensive outdoor living spaces.
4. The home sold recently in late 2024. What does that indicate?
The quick resale could point to a number of standard scenarios, such as an investor flipping the property, a change in the previous owner's circumstances, or a buyer realizing the home wasn't the right fit. It does confirm ongoing market activity at this price point.
5. How reliable are the sold price ranges shown?
The ranges are based on publicly available data. For the exact sale price to inform your offer, you should request the verified figure via the provided email service, as this is the standard practice for obtaining precise historical sale information in this market.