Property Overview: 65 Hespeler Avenue, Glenelm, Winnipeg
Key Characteristics & Appeal
This one-storey home in Glenelm presents a compelling mix of established neighbourhood character and practical value. Built in 1928, its 1,024 sqft living space is typical for the immediate area. The home's standout feature is its generous 5,147 sqft lot, which ranks in the top 1% on its street, offering rare potential for expansion, gardening, or outdoor living in this setting. A renovated basement and a detached garage add functional utility.
The appeal lies in its strong positioning within the Glenelm community. While the house itself is modest in size, its assessed value is notably above average for both the street and the neighbourhood, suggesting desirable attributes or improvements not fully captured in the basic metrics. It suits a first-time buyer or downsizer looking for a manageable footprint without sacrificing yard space, or an investor/renovator who sees value in the substantial lot and the solid fundamentals of a sought-after, mature area. It’s a property where the land is a significant driver of value and future potential.
Frequently Asked Questions
1. What does the above-average assessment value indicate?
A higher assessed value compared to neighbours often reflects updates, a premium lot, or a favourable condition. Here, it likely correlates with the renovated basement and the exceptionally large lot size, which are key value drivers.
2. How does the lot size compare practically?
At over 5,000 sqft, the lot is significantly larger than most on the street (where the average is about 3,354 sqft). This provides tangible extra privacy, space for additions like a deck or shed, and is a long-term asset in a developed neighbourhood.
3. Is the living space sufficient for a growing family?
At just over 1,000 sqft, the main floor living area is compact. The renovated basement offers crucial additional space, making it more viable for a small family, but those needing multiple large bedrooms or open-concept areas may find it cozy.
4. What is the historical price trend for this home?
Public data shows sales in 2016 and 2017. The increase in sold price between those dates is consistent with broader market trends. For exact sale prices, you can request the information directly via the provided email service.
5. How does this home fit within the Glenelm neighbourhood?
It aligns with Glenelm's classic housing stock in age and style. Its lot size and assessment value, however, place it above the neighbourhood average, indicating it is a stronger-than-typical offering within this well-regarded area.