Property Overview: 128 Martin Avenue W, Glenelm, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1913, stands out for its generous proportions and prime lot. Its primary appeal lies in its exceptional space, both indoors and out. With over 2,100 square feet of living area, it ranks in the top 1% of homes on its street and top 2% in the Glenelm neighborhood for size. More notably, the property sits on an 8,101 sqft lot, which is the largest on Martin Avenue W and places it in the top 1% locally. This combination suggests significant potential for expansion, gardening, or outdoor living.
The home’s assessed value is notably low compared to its physical attributes, placing it in an elite tier for its immediate area. This indicates a property that is undervalued relative to its land and building footprint, a key point for value-conscious buyers or investors. The basement is unrenovated and there is no garage, presenting a classic "blank canvas" scenario.
This property would ideally suit a buyer looking for a long-term project—someone who values space and location over move-in-ready finishes. It’s a strong candidate for a custom renovation, an addition, or a multi-generational living setup. The large, rare lot size offers a less obvious appeal: future flexibility that is almost impossible to find in established central neighborhoods, whether for creating a private oasis or exploring subdivision potential (subject to zoning).
Frequently Asked Questions
1. Why is the assessed value so much lower than the sold price from 2021?
The assessed value for tax purposes often lags behind market value, especially in a rising market or after significant sales. The 2021 sale likely reset the market value, but the provincial assessment may not fully reflect that increase until the next assessment cycle.
2. What does the unrenovated basement entail?
The listing confirms the basement exists but is not renovated. Buyers should budget for potential updates to moisture control, insulation, and finishing to make it a comfortable living or storage space, and should inspect for any foundational or drainage issues common in century-old homes.
3. Given the large lot, is there potential for building a garage or addition?
Absolutely. The lot size is the property's standout feature and provides ample room for adding a detached garage, a workshop, or expanding the home's footprint. Any plans would require checking with the City of Winnipeg for zoning bylaws, setback requirements, and necessary permits.
4. How does the age of the home (1913) affect maintenance?
While the structure has proven its durability, a home of this age will likely have older systems. Buyers should prioritize inspections for the roof, wiring, plumbing, and heating. The charm and solid construction come with the responsibility of proactive maintenance and potential updates.
5. The sold price history shows a range. How can I get the exact figure?
The exact sale price is not publicly displayed in Manitoba’s registry. As noted on the detail page, you can request the precise historical sold price by emailing the listing service; they provide this data manually as a courtesy without marketing spam.