Property Summary: 291 Glenwood Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1927, situated on a modestly sized lot in the Glenelm neighbourhood. Its key characteristic is its scale: with 913 sqft of living space, it is notably smaller than most homes on its street and in the wider city, placing it in the top 89% and 82% for size, respectively (meaning it is smaller than 89% of homes on the street). The assessed value is also significantly below area averages. The home features a renovated basement, adding functional space.
Its primary appeal lies in being an efficient, lower-maintenance entry point into a mature, established neighbourhood like Glenelm. It suits first-time buyers, downsizers, or investors seeking a character-area property without the larger footprint and corresponding upkeep of a typical house. The renovated basement suggests updated utility, a plus for a home of this vintage. A thoughtful perspective is that its below-average metrics on a street of larger homes could represent a unique affordability opportunity in the area, allowing for neighbourhood living at a potentially accessible price point. It’s a practical choice for those who prioritize location and simplicity over square footage.
Section 2: Frequently Asked Questions
1. Is the sold price history accurate?
The listed sale price from 2017 is a range based on public data. For the exact sale price, you must request it via email from SaveOnHouse. They provide this verified figure manually.
2. How does the home’s small lot size impact it?
The land area is smaller than approximately 94% of properties city-wide. This means minimal yard maintenance but also limited potential for expansions or additions compared to neighbouring properties.
3. The assessed value seems low compared to the street average. Why?
The assessed value is well below the average for Glenwood Crescent, likely reflecting the home’s smaller size and lot relative to its neighbours. It’s important to distinguish assessed value for taxation from current market value.
4. What does the "top X%" ranking mean for living area?
A "top 89%" rank for living area on its street means this home is smaller than 89% of the 99 comparable homes on Glenwood Crescent. It is a measure of how it compares within a specific group, not a quality grade.
5. Who might this property not suit?
It may not suit buyers needing multiple bedrooms, dedicated home office space, or those who desire extensive outdoor space for gardening or recreation, given the compact living area and lot size.