Property Overview & Key Characteristics
This two-storey home at 150 Hespeler Avenue in Winnipeg's Glenelm neighbourhood is a classic, no-frills property that presents a clear value proposition. Built in 1910, it offers 972 sqft of living space with an unrenovated basement and a detached garage on a 3,252 sqft lot. The data indicates it is consistently an "around average" property within its immediate street and neighbourhood context for size, lot, and value, but sits "below average" in broader city-wide comparisons. Its assessed value is notably low, which translates to correspondingly lower property taxes—a significant, ongoing financial advantage.
The appeal lies in its straightforwardness and potential. This isn't a move-in-ready showcase home; it's a solid, century-old structure offering an affordable entry into a mature neighbourhood. It perfectly suits first-time buyers, hands-on investors looking for a rental property with low carrying costs, or practical homeowners who prioritize financial efficiency over modern finishes and see value in a home's "good bones." The modest scale also means lower utility costs and less maintenance burden than a larger, newer home.
Frequently Asked Questions
1. What does "unrenovated basement" typically mean for a house of this age?
It generally indicates the original foundation, flooring, and utilities, with finishes like plaster or bare concrete walls. It's functional space but will likely require significant work for modern living standards, offering both a downside and a blank-slate opportunity.
2. The assessed value seems very low compared to city averages. Is this a concern?
Not inherently. It reflects the home's modest specifications and the neighbourhood's market. The primary benefit is substantially lower annual property taxes, which is a key part of the home's affordability.
3. Who would this home not be suitable for?
Buyers seeking modern, low-maintenance living or who are not prepared for the upkeep and potential renovation needs of a 116-year-old home should look elsewhere. It's also less suitable for those needing significant space.
4. The last sale was in early 2022. Is the price range shown the exact price?
No, the listed range is an estimate based on public data. The exact sale price is available upon direct request from the site, as noted in the details.
5. The lot size is below the city average. Is the yard still usable?
Yes. At just over 3,250 sqft, the lot is very typical for Glenelm and its era. It provides a manageable private outdoor space without the extensive upkeep of a larger city lot.