Property Summary: 154 Glenwood Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the Glenelm neighborhood presents a distinct value proposition centered on its location and lot. At 944 sqft, the living space is modest and below average for the city, but it sits on a generously sized, above-average city lot of 6,572 sqft. The home features a renovated basement and a detached garage. Built in 1928, it is a character home typical of the area.
Its primary appeal lies in a compelling combination: a highly desirable, established neighborhood address paired with significant land potential. While the house itself is smaller, its assessed value ranks in the top 9% within Glenelm, suggesting the premium is for the location and land. This property would perfectly suit a buyer looking for a foothold in a prime area, with plans to eventually expand or rebuild on a sizable lot. It’s also a practical fit for those seeking a manageable, single-level layout with a renovated basement for extra space, who value a large outdoor area over a large interior footprint.
Section 2: Frequently Asked Questions
1. Is the house in good condition given its age?
The listing confirms a renovated basement, which is a positive update. As a 1928 build, prospective buyers should budget for a thorough inspection to assess the condition of major systems (roof, wiring, plumbing) and the main floor, which may require modernization.
2. Why is the assessed value so high relative to the home's size?
The value is driven predominantly by the land and location. The lot size is well above the city average, and Glenelm is a sought-after neighborhood. The assessment reflects the property's potential as much as, if not more than, the current structure.
3. What is the potential for future expansion or redevelopment?
The large lot is the key asset here. It offers clear potential for a significant addition, a garden suite (subject to zoning), or even a future rebuild—options that are rare in older, central neighborhoods.
4. How does the sold price history inform the current value?
Previous sales in 2016 and 2021 show steady appreciation. The historical data indicates strong demand for properties on this street. The exact sold prices are available upon request to help form a precise offer strategy.
5. Who are the typical neighbors or buyers in this area?
Glenelm often attracts a mix of long-term residents, families drawn to the character and community feel, and investors or builders interested in the area's redevelopment potential due to its large lots and central location.