Property Overview: 106 Cobourg Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, one-storey home in Winnipeg's Glenelm neighborhood, built in 1941. With 657 sqft of living space, it is notably smaller than most homes in the area, placing it in the top 1% for compact size locally. The basement has been renovated. The property sits on a just-under-3,000 sqft lot, which is modest for the city but typical for the street. Its assessed value is very low compared to the Winnipeg average, but aligns with the norms for Glenelm and Cobourg Avenue.
The primary appeal lies in its affordability and efficiency. It represents a genuine entry point into homeownership with very low property taxes, suited for a minimalist lifestyle or as a strategic investment property. It would best suit a first-time buyer on a tight budget, an investor looking for a low-cost rental, or someone seeking a modest, manageable footprint without the upkeep of a larger home. A less obvious perspective is its value for someone interested in "right-sizing"; the small scale forces intentional living and could mean significantly lower utility and maintenance costs. Additionally, while older, it was built decades after many neighboring homes, potentially implying somewhat more modern construction for its era.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed values in Manitoba are based on a mass appraisal system and are heavily influenced by local market areas. This home's value is consistent with the lower average values found in the Glenelm neighborhood and on Cobourg Avenue specifically.
2. What does the "top 99%" ranking for living area mean?
This statistic means the home's living area is smaller than 99% of comparable reference homes in its immediate area. It is a clear indicator that this is a notably compact property, not a standard-sized house.
3. Has the property value increased?
Based on the sold price ranges shown, the property likely appreciated between its 2020 and 2025 sales. However, for the exact sale prices necessary to calculate precise appreciation, you must request the data via the provided email service.
4. Is the small lot size a disadvantage?
It depends on your goals. The lot is below the city average but is standard for the street. It offers minimal yard maintenance, which is a plus for some, but provides limited space for expansions, additions, or extensive outdoor living areas.
5. What are the implications of the renovated basement?
A renovated basement in a home of this size is a significant functional upgrade. It effectively adds usable living space, which is crucial in a 657 sqft main floor, potentially creating room for a home office, extra bedroom, or recreational area that the main floor cannot accommodate.