Property Overview: 71 Martin Avenue W, Glenelm, Winnipeg
Key Characteristics & Buyer Appeal
This one-and-a-half storey home in Glenelm presents a compelling mix of established neighborhood character and tangible value. Its key appeal lies in its strong positioning within its immediate area. With 1,058 sqft of living space and a renovated basement, the home offers functional space that ranks well above the average for Martin Avenue West. The lot is a significant asset at over 4,300 sqft, placing it in the top tier locally for land area, which offers potential for gardening, expansion, or simply more private outdoor space than most neighbors have.
The home’s assessed value is notably high for both the street and the broader Glenelm area, suggesting official recognition of its condition, improvements, or desirable lot attributes. Built in 1944, it is a relatively newer build among Glenelm’s housing stock. This combination—a generous lot, above-average living space for the street, and a renovated basement—makes it a practical, grounded choice. It would suit a first-time buyer or downsizer seeking a move-in-ready home in a mature neighborhood without the premium of a brand-new build, or an investor attracted by the strong assessed value relative to local benchmarks.
Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
The assessed value ranks in the top 10% on Martin Avenue W. This typically reflects factors like the renovated basement, the larger-than-average lot size, and overall condition. It indicates the property has features or improvements that the city assessor recognizes as adding significant value over the neighborhood baseline.
2. How does the living space compare to nearby homes?
At 1,058 sqft, the living area is above average for Martin Avenue W (top 29%) and average for the wider Glenelm area. This means the home feels spacious compared to its immediate neighbors but is typical for the community, offering a comfortable size without being oversized.
3. What does the sold price history tell us?
The home sold in late 2017 for an estimated range of $185k-$215k. This historical data provides a benchmark, but current market value will be influenced by factors since then, including the basement renovation and broader market conditions. The exact sold price is available upon request from the listing source.
4. Is the lot size a major advantage?
Yes. The 4,317 sqft lot ranks in the top 11% on its street and top 17% in Glenelm. This is a less obvious but substantial benefit, providing more yard space, better privacy, and greater potential than many comparable properties in these established areas.
5. What is the significance of the home being built in 1944?
In the context of Glenelm, a 1944 build date is actually newer than the area average. This can sometimes mean construction methods or home layouts that feel slightly more modern than much of the pre-war stock in the neighborhood, while still maintaining the classic character.