Property Summary: 122 Carmen Avenue, Glenelm, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1929, offering a classic Glenelm character. Its key appeal lies in its efficient, renovated basement and a detached garage, providing valuable utility and storage. At 730 sqft, the living space is notably smaller than most area homes, positioning this property as an affordable entry point into a well-established neighborhood.
The lot is a standout feature; at just over 3,000 sqft, it is larger than many on Carmen Avenue, offering good outdoor potential relative to the home's footprint. The assessed value is very typical for Glenelm, suggesting a stable, mid-range investment without premium pricing.
This home would best suit first-time buyers, downsizers, or practical investors seeking a lower-maintenance property with renovation potential. Its value is grounded in location and lot size rather than square footage, appealing to those who prioritize neighborhood character and outdoor space over a large interior.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 730 sqft, it is significantly smaller than the Glenelm average. It suits a minimalist lifestyle, a single occupant, or a couple. The renovated basement adds functional space, but the main floor living area is compact.
2. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the scope. This should be verified in-person to understand the finish quality, ceiling height, legal egress, and whether it includes a separate suite or additional living space.
3. How does the assessed value compare to the likely selling price?
The assessed value (~$25k) is a municipal figure for tax purposes and is not an indicator of market value. Recent sold price ranges (from ~$20k to ~$23k in 2021) are more relevant, but market conditions have likely changed since.
4. What are the advantages of an older, smaller home like this?
Lower property taxes (tied to assessed value), potentially simpler maintenance, and the opportunity to customize. The larger-than-average lot for the street also allows for garden space, expansion, or outdoor living that newer, denser developments may not.
5. Is the detached garage in good condition?
The listing notes a detached garage but not its condition. For older homes, this is a key point to inspect, as repairs or upgrades to an older garage can be a significant consideration.