Property Overview: 112 Hespeler Avenue, Glenelm
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1908, presents a classic character property with practical foundations. Its key appeal lies in its balance of a generous lot and manageable size within the established Glenelm neighbourhood. With 1,136 sqft of living space and a 3,391 sqft lot, the property offers more outdoor space than many on its street, ranking in the top 26% locally for land area. This combination is well-suited for buyers seeking a traditional home with room for gardens, play, or future additions.
The home’s assessed value is notably below average for both the neighbourhood and the city, which can indicate a more accessible entry point into the market. It features a detached garage and an unrenovated basement, presenting a straightforward canvas. This property would suit a pragmatic first-time buyer, an investor, or a hands-on owner who values lot size over immediate move-in readiness and sees potential in a century-old home’s structure and location. Its age and value metrics suggest it is a true fixer-upper, appealing to those comfortable with a project or phased renovations.
Frequently Asked Questions
1. What does the below-average assessed value actually mean?
The assessed value is used for calculating property taxes and is often lower than market value, especially for older homes. In this case, being significantly below area averages suggests the municipality has assessed the home’s current state conservatively, which may translate to relatively lower property taxes.
2. Is the unrenovated basement finished or usable?
The listing specifies the basement is "not renovated." This typically means it is in a rough, unfinished state—likely with concrete floors and exposed foundations—suitable for storage or mechanical systems but requiring significant work to become livable space.
3. How does the age of the home (1908) affect ownership?
A 118-year-old home comes with character but also requires careful attention. Buyers should budget for and anticipate updates to older mechanical systems (like plumbing and wiring), and should prioritize a thorough inspection to understand the condition of the foundation, roof, and structure.
4. The sold price history shows a range. Why isn't the exact price listed?
Exact sale prices in Manitoba are not publicly available in online databases. The provided range is an estimate based on publicly available data. You can request the precise historical sale price directly from the site via email.
5. What is the neighbourhood (Glenelm) like?
Glenelm is an established, mature neighbourhood in Winnipeg. It typically features a mix of early 20th-century character homes, tree-lined streets, and local amenities. The property’s metrics show it sits on a street with homes of similar vintage and value, offering a consistent community feel.