Property Overview
This two-storey home at 198 Glenwood Crescent in Winnipeg's Glenelm neighbourhood presents a blend of established character and modern updates. Built in 1927, it sits on a notably large lot for the area (over 8,200 sq ft), offering above-average outdoor space and privacy. The 1,552 sq ft living area is complemented by a renovated basement. A detached garage adds practical utility. The home's assessed value places it in the top tier for the immediate neighbourhood, suggesting a well-maintained or improved property relative to its peers.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of space, location, and updated features. The generous lot size is a significant asset in a mature neighbourhood, providing room for gardens, recreation, or future expansion. The renovated basement adds functional living space, a key update for a home of this era. Its appeal is grounded in being a substantial, updated home on a premium lot within a sought-after established community.
It would suit buyers looking for a character home without forgoing modern comforts, particularly those who value private outdoor space over a brand-new build. It's also a strong fit for someone seeking a home with "sweat equity" already invested in key areas like the basement. The data indicates it's a higher-value property within Glenelm itself, making it a candidate for buyers prioritizing a top-tier home in that specific locale rather than just city-wide comparisons.
Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg properties?
The lot of 8,245 sq ft is significantly above average, ranking in the top 10% citywide and the top 6% within the Glenelm neighbourhood, offering rare outdoor space for the area.
2. The home was built in 1927. What should I consider?
While the basement has been renovated, a home of this age will likely have original elements (like plumbing, electrical, or windows) that may require attention or updating. A thorough inspection is essential.
3. The assessed value seems high for the neighbourhood. What does that mean?
The assessment ranks in the top 2% for Glenelm. This typically reflects recent renovations, desirable lot characteristics, or superior condition compared to neighbours, but it's important to verify this through a viewing and recent comparable sales.
4. Is the living space typical for the area?
At 1,552 sq ft, it offers above-average living space for both Glenelm and Winnipeg overall, providing more room than many comparable character homes.
5. What is the recent sales history for the property?
Public records indicate a sale in August 2024. For the exact sale price to inform your offer, you can request that information directly via the provided email service.