Property Overview: 165 Glenwood Crescent, Glenelm, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1944, situated on a standard-sized lot in the established Glenelm neighbourhood. Its key characteristic is its modest scale, with 780 sqft of living space—significantly smaller than most area homes. This results in a notably low municipal assessed value, positioning it as one of the most accessible entry points into the neighbourhood.
The primary appeal lies in this affordability within a well-regarded area, coupled with a renovated basement that adds functional space. It suits specific buyer profiles: first-time buyers seeking a foothold in a mature community without a large mortgage, downsizers looking to rightsize into a manageable property, or investors considering a straightforward rental property. Its detached garage is a practical asset. A thoughtful perspective is that this home represents a "value-over-space" proposition—you’re purchasing a location and a community more than a spacious dwelling, which can be a strategic trade-off.
Section 2: Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily reflects the home's smaller size and age compared to neighbourhood averages. It can be an advantage, potentially leading to lower property taxes.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, ceiling height, permits, and whether it includes a separate entrance or additional bedrooms.
3. How does the living area compare practically?
At 780 sqft, the main-floor living space is compact. Efficient layout is crucial. This emphasizes the importance of the basement renovation in providing necessary extra room for storage, utilities, or living areas.
4. What is the Glenelm neighbourhood like?
Glenelm is a mature, central neighbourhood known for its character homes, tree-lined streets, and strong sense of community. It offers a blend of residential calm with relatively convenient access to downtown and amenities.
5. Why is the year built (1944) considered "above average" for the street?
This indicates that, on Glenwood Crescent, many homes were built even earlier, often before 1927. This home, while still historic, is relatively newer among its immediate peers, which might suggest slightly updated core systems compared to some neighbours.