Property Overview
This 1920s one-and-three-quarter storey home in Glenelm presents a practical opportunity in a mature Winnipeg neighbourhood. Its key appeal lies in its balance of established character and recent updates, positioned on a standard city lot. The home's living space of 1,060 sq ft is typical for the immediate area but more modest compared to the wider city, suggesting an efficient, manageable layout. A significant feature is the renovated basement, which adds functional living space. The detached garage offers valuable storage or workshop potential. The property’s assessed value ranks above average for both its street and neighbourhood, indicating it is viewed favourably within its local context, though it sits below the citywide average—a reflection of its older age and neighbourhood pricing.
This home would suit first-time buyers or downsizers looking for a lower-maintenance property with some modern touches in a quiet, established community. It’s also a sensible fit for pragmatic investors or homeowners who value a renovated basement's extra utility over expansive square footage. A less obvious perspective is that its "around average" metrics for the area suggest a stable, predictable investment without the premium or the steep challenges sometimes found with more unique historic homes.
Frequently Asked Questions
1. How does the home's size compare to others?
At 1,060 sq ft, the living area is very close to the average for both Carmen Avenue (1,046 sq ft) and the broader Glenelm neighbourhood (1,165 sq ft). It is cozier than the citywide average, making it a comfortably sized home for the area.
2. What does the assessed value tell us?
With an assessed value that ranks in the top 25-28% locally, this property is considered above average for its immediate surroundings. This often correlates with its condition, updates, or lot appeal compared to neighbouring homes.
3. What is the significance of the renovated basement?
A renovated basement immediately adds functional, finished living space without the need for a major project. It’s a key feature that enhances daily utility and can serve as a family room, home office, or additional bedroom space.
4. Is the older age (1920) a concern?
The year built is typical for Glenelm. While it means systems like plumbing or electrical may need attention over time, it also comes with the character and solid construction of that era. The recent basement renovation suggests some modernization has begun.
5. How does the lot size affect the property?
The land area of 3,073 sq ft is standard for the street and neighbourhood. It provides a decent backyard for a city home without being overly large to maintain, and it includes space for a detached garage.