Property Overview: 107 Carmen Avenue, Glenelm, Winnipeg
Key Characteristics & Appeal
This 816 sqft home, built in 1927, presents a practical and affordable entry point into the established Glenelm neighborhood. Its key appeal lies in its relative value and location. With an assessed value of $227k, it sits comfortably below the Winnipeg city average, offering a financially accessible option. The lot size, while modest, is typical for the street.
The home’s primary draw is its positioning within a mature, consistent area. It is not an outlier; its size, age, and value are all very much in line with the immediate surroundings on Carmen Avenue. This makes it a predictable and stable investment within its micro-market. It would suit first-time buyers, downsizers, or investors seeking a lower-priced character home in a central neighborhood without the premium of a larger, renovated property. The appeal is grounded in practicality and neighborhood character over modern size or finishes.
A less obvious perspective is that a home ranking "around average" on its own street in several categories can indicate a lower risk of overpaying relative to the immediate area. Its value is effectively benchmarked and validated by the homes around it.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 816 sqft, the living area is below the neighborhood and city averages, but ranks around the 70th percentile on its own street. This means it is a smaller home, but not unusually so for Carmen Avenue.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $227k is a municipal tax valuation. Notably, it is very close to the average assessed value for both the street and Glenelm, suggesting it is priced in line with the area's tax base. Market conditions will ultimately determine the sale price.
3. What does the year built tell me about the property?
Built in 1927, the home is nearly 100 years old. This is typical for Glenelm and Carmen Avenue. Buyers should anticipate the potential maintenance and update needs common to houses of this era, but can also expect the solid construction and neighborhood charm that comes with it.
4. Why is the city-wide comparison so different?
The home ranks in the top 90% city-wide for size and value, but this is because it is being compared to all homes in Winnipeg. This mainly highlights that it is a smaller, more affordable property relative to the entire city market, which includes many newer, larger suburban homes.
5. How can I get exact historical sales data for this property?
The provided data notes that sold price history is not displayed due to industry rules. You can request the exact figures by emailing the site directly. They will perform a manual lookup and provide the information, typically by the end of the same day.