Property Overview: 129 Hart Avenue, Glenelm, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic two-storey home built in 1912, offering 1,160 sqft of living space on a 2,998 sqft lot with a detached garage. Its key appeal lies in its position within the established, tree-lined Glenelm neighbourhood. The home presents a straightforward opportunity: it's a structurally defined character property with an unrenovated basement, awaiting personalization.
The data reveals a nuanced picture. The living space is squarely average for the area, fitting comfortably within the neighbourhood's typical footprint. However, the home's very low assessed value is its most striking characteristic, ranking it near the bottom for the street and area. This suggests a significant value proposition for the right buyer—likely an investor, a handy first-time buyer, or someone seeking an affordable entry into a mature neighbourhood without paying for previous upgrades. It suits those with a vision and a budget for gradual updates, who prioritize location and lot over modern finishes. The recent sale in 2024 indicates a quick turnaround, hinting at its potential as a viable project or investment property.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
A significantly lower assessment often reflects a home that hasn't undergone major renovations or market-driven upgrades seen in comparable properties. It typically aligns with a price point that accounts for the condition and the work needed.
2. What does "basement, not renovated" imply?
This typically means the basement is in original or functional condition, but not modernized as finished living space. Buyers should budget for potential updates to insulation, flooring, or moisture management, but it also offers a blank canvas.
3. Is the living space sufficient for a family?
At 1,160 sqft, it's on par with many older homes in Glenelm. It will accommodate a family, but the layout and room sizes of a 1912 build may differ from modern expectations. Efficient use of space and the potential of the basement area would be key considerations.
4. How does the lot size affect future plans?
The lot is slightly below average for the area but still provides decent outdoor space for a home of this era. It's adequate for gardening, play, or a patio, but any plans for a large addition or pool would require careful planning due to size constraints.
5. The home sold recently in 2024. What does that suggest?
A recent sale can indicate a property that is seen as a liquid asset in its price range. It may appeal to investors or flippers, but it also suggests the market consistently finds value here, whether for occupancy or as a project.