114 Cobourg Avenue

Property Overview: 114 Cobourg Avenue, Winnipeg

Key Characteristics & Appeal

This is a substantial, century-old home (built 1911) in the Glenelm neighbourhood, offering generous interior space and a solid footprint. Its primary appeal lies in its above-average living area of 1,928 sq ft, which ranks in the top 3% of homes on its street and the top 5% within Glenelm. This makes it a notably spacious option for the area. The property sits on a lot that is larger than most on Cobourg Avenue, providing valuable outdoor space.

The home presents as a classic "blank canvas" property. Its basement exists but is not renovated, there is no garage or pool, and its assessed value is modest relative to the city-wide average. This combination suggests a property with good underlying structure and space, but one that requires vision and investment for modernization. It would suit a practical buyer looking for character and room to grow in a mature neighbourhood, who is prepared for the updates and maintenance that come with a 115-year-old home. A thoughtful perspective is that its lower assessment, compared to its generous living area, could represent a strategic entry point into a well-located neighbourhood for a hands-on owner.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
Property assessments are based on a mass appraisal system considering many factors, including home condition, specific location, and recent area sales. The modest assessment here likely reflects the home’s age and the fact it has not been recently renovated, not necessarily its ultimate market value.

2. What does "basement yes, not renovated" typically mean?
This indicates the home has a foundational basement, but it remains in a basic, unfinished state. It likely has utility functions but would require significant work to become a finished living space, representing both a project and an opportunity for added square footage.

3. The home last sold in 2019 for a relatively low price. What does that indicate?
The sold price from several years ago is a historical data point and may reflect the property’s condition or the market at that specific time. It does not directly dictate current value, which is influenced by today’s market conditions, recent comparable sales, and any changes made to the property since.

4. With no garage, what are parking options?
Buyers should anticipate relying on on-street parking. It’s advisable to check local bylaws for any permit requirements or restrictions, which is common in many established neighbourhoods.

5. How significant is the "top 3%" living area ranking for the street?
This statistic highlights a key advantage: this home offers significantly more interior space than most of its immediate neighbours. For buyers prioritizing roominess over turn-key condition on this specific street, it stands out as a rare find.