51 Martin Avenue W

Property Overview: 51 Martin Avenue W, Glenelm, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, century-old two-storey home (built 1914) in Winnipeg's Glenelm neighbourhood. Its key characteristic is its modest scale: with 748 sqft of living space and a 1,527 sqft lot, it is notably smaller than most homes on its street, in the area, and city-wide. The basement exists but is not renovated, and there is no garage or pool.

The appeal lies in its affordability and simplicity, reflected in a low assessed value. It represents a straightforward entry point into homeownership in an established neighbourhood. This property would best suit a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist, low-maintenance footprint. Its smaller size means lower utility costs and less space to maintain, which can be a hidden benefit. A thoughtful perspective is that a home of this vintage and size on a small lot offers a unique opportunity to live efficiently in a mature community without the burden of a large, aging structure that requires constant upkeep.

Section 2: Frequently Asked Questions

1. Is the low assessed value a good indicator of the purchase price?
Not directly. The assessed value ($17,500) is for municipal tax purposes. The final sale price is determined by the market. Historical data shows it last sold for between $12.5k and $15.5k in 2016.

2. What does "below average" for lot size really mean for me?
The lot is smaller than 99% of comparable properties city-wide. This means minimal exterior maintenance, but also very limited private outdoor space and potential challenges for adding extensions or parking.

3. Who is responsible for finding the exact historical sale prices?
The listing service offers to provide the exact sold price history manually via email upon request, as the figures shown are estimated ranges from public data.

4. What are the implications of an unrenovated basement?
This typically means the basement is in original or utility condition. It may be suitable for storage and house mechanical systems, but not finished living space. Buyers should budget for potential moisture-proofing or upgrades if they wish to utilize the space.

5. How does the age of the home (1914) affect ownership?
While the home is around the average age for its street, its 112-year history means potential for charming original details but also a higher likelihood of aging infrastructure. A thorough inspection for the foundation, wiring, and plumbing is essential.