Property Overview: 58 Martin Avenue W, Glenelm, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home with a renovated basement and a detached garage, built in 1942. Its primary appeal lies in its value proposition within the desirable Glenelm neighbourhood. At 720 sqft, the living space is notably smaller than most area homes, positioning it as a more affordable entry point into the community. However, its assessed value ranks above average for its immediate street and is solidly average for Glenelm, suggesting the property is valued more for its location and lot than its square footage. The lot itself is a standard size for the area at just under 3,500 sqft.
This home would suit first-time buyers, downsizers, or investors seeking a character-home neighbourhood without the premium price of a larger property. It’s for those who prioritize location and land over interior space, and who see potential in a home where the basement has already been modernized. A thoughtful perspective is that its smaller size and efficient layout could translate to lower utility costs and less maintenance, offering a simpler, more manageable lifestyle in a well-established area.
Frequently Asked Questions
1. Is the house unusually small for the area?
Yes. At 720 sqft, the living area is significantly below the Glenelm average (approx. 1,165 sqft) and ranks in the bottom 25% of homes on its own street. This is a key factor in its accessibility.
2. Why is the assessed value relatively strong for a smaller home?
The assessment reflects more than just interior space. It accounts for the desirable Glenelm location, the renovated basement, the detached garage, and the usable lot. On its street, its assessed value ranks in the top 21%, indicating the property holds its value well in its immediate context.
3. What is the typical price history for this home?
Based on available data, it last sold in May 2021 for an estimated price between $255,000 and $285,000.
4. How does the lot size compare?
The 3,455 sqft lot is very typical for both Martin Avenue W and the wider Glenelm neighbourhood, sitting close to the average in both categories.
5. What might be a less obvious consideration for a buyer?
While the basement is renovated, the main floor remains the original 1942 footprint. Buyers should consider if the layout and condition of the main living space meet their needs or if they are prepared for potential updates. The home represents a balance of modernized below-ground space with classic, above-ground character.