Property Overview: 20 Hespeler Avenue, Glenelm
Key Characteristics & Appeal
This is a compact, one-storey home built in 1944, situated on a notably generous lot for its street. With 698 square feet of living space, the home is significantly smaller than most in Glenelm and across Winnipeg, positioning it as a true starter home or a downsizing opportunity. Its key updated feature is a renovated basement, adding functional space. A detached garage provides utility or storage.
The appeal lies in its efficiency and lot size. While the house itself is modest, the property offers a balance of a lower assessed value within a mature neighbourhood. The above-average land area for Hespeler Avenue presents a tangible asset: room for gardening, private outdoor space, or future expansion, which is rare for homes in this price bracket. It suits a practical, value-conscious buyer—perhaps a first-time purchaser comfortable with a cozy footprint, an investor looking for a manageable rental property, or someone seeking an affordable entry into a settled community without the upkeep of a larger house.
Frequently Asked Questions
1. Is the house in need of major updates?
The listing specifically notes the basement has been renovated, suggesting some modernization. As a home from the 1940s, prospective buyers should budget for potential updates to other original systems, such as plumbing, wiring, or windows, which is typical for the era.
2. How does the low assessed value impact property taxes?
A lower assessed value generally translates to lower municipal property taxes compared to higher-valued homes in the same area. This is a key financial advantage, making the ongoing cost of ownership more affordable.
3. The living area is small. How does the basement factor in?
The renovated basement effectively increases the usable space beyond the 698 sqft main floor. This area could function as a family room, home office, or additional bedroom, mitigating the compact main floor plan.
4. What is the Glenelm neighbourhood like?
Glenelm is a mature, established neighbourhood with homes spanning many decades. The area offers a mix of long-term residents and newer buyers. Its appeal is often its character, tree-lined streets, and relative affordability compared to newer suburbs.
5. The sold price history shows a range. What does that mean?
The listed sold price is an estimated range derived from public data. To obtain the exact sale price from April 2019, you can request it directly via the website. This service is provided to ensure accuracy beyond broad market estimates.