Property Overview: 25 Cobourg Avenue, Glenelm, Winnipeg
Section 1: Key Characteristics & Appeal
This well-established two-storey home in Glenelm offers a blend of character and practicality. Built in 1913, it features 1,348 sqft of living space and a renovated basement, sitting on a 3,075 sqft lot. The data reveals its strong standing within the immediate area: its living space is above average for Glenelm, and its assessed value ranks in the top 25% of the neighbourhood, suggesting it is a well-regarded property on its street.
The primary appeal lies in its location and value within a mature community. It suits buyers looking for a character home in a sought-after neighbourhood without the premium price of a larger lot or a fully modern build. It’s an ideal match for first-time homeowners or downsizers who prioritize neighbourhood charm and a renovated basement over extensive square footage or a private garage. A thoughtful perspective is that this property represents a "middle ground" in Glenelm—it offers more space and a higher assessment than many area homes, yet remains manageable in size and upkeep, appealing to those who want to enter the neighbourhood without taking on a major project.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was assessed at $28,100. It last sold in July 2024 for an estimated $28,500–$31,500, indicating the assessment is closely aligned with recent market activity.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but the specific scope (e.g., finished living space, updated utilities, moisture management) should be verified through a viewing and inspection, as details are not provided.
3. Is the lack of a garage a significant concern in this area?
Many homes in older Winnipeg neighbourhoods like Glenelm do not have garages. The property’s strong assessment and recent sale price suggest this is a typical feature for the area and is factored into its market value.
4. How does the lot size impact potential for expansion or outdoor space?
At 3,075 sqft, the lot is slightly smaller than the Glenelm average but is above average for Cobourg Avenue. It provides a decent yard for a mature neighbourhood but may limit possibilities for large additions or detached structures, depending on zoning.
5. The home is over 110 years old. What should I be mindful of?
While the renovated basement is a plus, a pre-purchase inspection is crucial to assess the condition of major aging components, such as the foundation, plumbing, electrical systems, and the roof, which are typical considerations for a house of this era.