Property Overview: 3 Silvia Street, Glenelm, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Glenelm presents a solid, above-average offering within its immediate context. Built in 1950, it is newer than most homes on its street and in the neighbourhood, suggesting potentially fewer concerns associated with very old infrastructure. With 1,280 sqft of living space and a 4,551 sqft lot, the property provides more room than many comparable homes in the area, ranking in the top 15% locally for both metrics. A key feature is the renovated basement, adding functional living space. The home boasts a detached garage and its assessed value is notably strong for the area, ranking in the top 10% on its street and top 7% in Glenelm, indicating official recognition of its relative worth.
The appeal lies in securing a home that outperforms many neighbourhood benchmarks for size, lot, and value, within a well-established community. It suits practical buyers looking for a character home with updated elements (like the basement) and more generous interior and outdoor space than is typical for the area. It’s a sensible choice for those who value a mature neighbourhood feel but prefer a home that is, by local standards, relatively younger and statistically stands out for its proportionate value.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
While the assessed value ($36,800) is used for property tax calculation and is strong for the area, it is not a direct indicator of market price. Market value is determined by current buyer demand, condition, and recent sales of similar homes. The last recorded sale for this property was between $29,500 and $32,500 in 2017.
2. What does the "above average" ranking for Year Built mean for maintenance?
Although built in 1950 and newer than many neighbours' homes, it is still a 70+ year-old house. Buyers should still budget for and expect age-related maintenance, such as updates to roofing, windows, or major systems. The "above average" ranking is relative to an old housing stock, not an absolute guarantee of modern condition.
3. Is the renovated basement a legal suite?
The listing notes a "renovated basement" but does not specify it as a legal secondary suite. Buyers interested in rental income or a separate in-law suite should verify its legal status, proper egress, and compliance with local bylaws with the city and their inspector.
4. How does the lot size (4,551 sqft) compare to a typical city lot?
While above average for Glenelm, this lot size is around average citywide. It offers good private outdoor space for the neighbourhood but may be smaller than lots in post-1960s suburban areas. It's a generous urban lot for its setting.
5. Why is there only a price range for the last sale, and how do I get the exact figure?
The provided sale price range is based on publicly available data. The exact sale price is not disclosed in public records in Manitoba. As noted on the detail page, you can request the exact historical sold price by emailing the listing service directly.