Property Overview: 112 Martin Avenue W, Glenelm, Winnipeg
Key Characteristics & Appeal
This 806 sqft one-storey home, built in 1931, sits on a 3,563 sqft lot in the Glenelm neighbourhood. Its key updated feature is a renovated basement, and it includes a detached garage. The home presents a practical, grounded opportunity.
Its primary appeal lies in its value proposition within its immediate context. While the living space is modest compared to city-wide averages, the property holds an above-average assessed value for its own street, suggesting it is a well-regarded asset on Martin Avenue W. This indicates a solid foothold in a stable, established community. The renovated basement adds functional living space, a significant plus for a home of this size.
This property would best suit first-time buyers, downsizers, or practical investors seeking an entry into a mature neighbourhood without a premium price tag. It’s for those who value location and lot potential over sheer square footage, and who see the charm and opportunity in a character home that has already seen some key updates. A thoughtful perspective is that this home represents the "bones" of a neighbourhood—it’s not the largest or newest, but its strong standing on its street hints at a well-kept, desirable pocket of Glenelm, offering a sense of community consistency.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
At 806 sqft, the living area is below the average for both the Glenelm neighbourhood and Winnipeg overall. However, it is closer to the average for homes specifically on Martin Avenue W, indicating the street may consist of similarly scaled, character homes.
2. What does the assessed value tell us?
The assessed value of $23,900 is above the average for Martin Avenue W. This can suggest the property is in better condition, has more desirable features, or is simply perceived as a higher-value asset on its street compared to immediate neighbours.
3. Is the renovated basement a full living space?
The listing notes a renovated basement, which adds valuable functional space. Prospective buyers should clarify the nature of the renovation, including ceiling height, permits, and whether it includes a proper bedroom or is finished as a rec room or utility space.
4. What is the typical buyer for a home like this?
Given its size and profile, this home is typically attractive to first-time homeowners, empty-nesters looking to downsize, or investors interested in a manageable property in an established area with a proven rental market.
5. How recent was the last sale, and what was the price?
The property last sold in February 2024. The exact sale price is not publicly listed, but available data indicates a range between $17,500 and $20,500. The exact figure can be requested directly from the listing source.