Property Overview: 68 Hart Avenue, Glenelm, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1911, situated on a standard city lot in the established Glenelm neighbourhood. Its key characteristic is its modest scale, with a living area of 714 sqft that is notably smaller than most comparable homes locally and citywide. The basement exists but is not renovated, and the property has no garage or pool.
The appeal lies in its affordability and simplicity, reflected in its assessed value of $200k, which is well below city averages. It represents a lower barrier to entry into the Winnipeg market, particularly for a character neighbourhood like Glenelm. This property would best suit a first-time buyer, an investor looking for a straightforward rental property, or someone seeking a minimalist, low-maintenance footprint. A less obvious perspective is that a home of this size and vintage on a full lot offers a clear opportunity for expansion or replacement, making it a potential long-term play for a buyer willing to invest in renovations or a new build in the future.
Section 2: Frequently Asked Questions
1. Why is the living space so much smaller than the neighbourhood average?
As a home built in 1911, its floor plan reflects the more modest housing needs and styles of that era. Many homes in the area have been expanded over time, whereas this one has retained its original, compact footprint.
2. What does the assessed value tell me about the price?
The assessed value of $200k is a municipal valuation for tax purposes and is typically below market value. However, its ranking—below 85-92% of comparable properties—confirms this is a competitively priced, entry-level home in the Winnipeg context.
3. Is the unrenovated basement a major concern?
It indicates that the lower level is functional but may require updates for modern use. Buyers should budget for potential moisture management, insulation, or finishing to fully utilize the space.
4. How recent are the sale histories provided?
The data shows the home sold in July 2024 and previously in August 2022, with prices in the $185k-$215k range. This indicates a relatively active sales history, which can be useful for understanding recent market activity for the property.
5. Who are the most likely neighbours or comparable buyers?
Given its size and value, likely neighbours include other first-time homeowners, long-term residents of smaller homes, and renters. The nearby reference properties, which are larger and higher in value, suggest the immediate area has a mix of original smaller homes and more updated or expanded ones.