Property Summary: 73 Cobourg Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Glenelm is a classic, character property built in 1936. With 1,362 sqft of living space and a detached garage, it sits on a standard city lot of just over 3,000 sqft. The basement is noted as unrenovated. Its appeal lies in its established neighborhood setting and its strong standing within the immediate area. The home ranks above average for its year built, living area, and assessed value when compared specifically to other homes on Cobourg Avenue and in the Glenelm area, suggesting it is a well-sized and maintained property for its locale. Citywide comparisons show a more modest standing, which is typical for older, central neighborhoods.
This property would suit a buyer looking for a home with vintage charm in a mature community, who values space and character over a brand-new build. It’s a practical choice for someone comfortable with a home that may have an unfinished basement or who sees potential in personalizing spaces over time. The data indicates it’s a solid, proportional home within its own streetscape—a perspective that often matters more to daily living than citywide rankings.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was assessed at $26,900. It sold in April 2024 for an estimated $33,500–$36,500, and previously in December 2022 for $25,500–$28,500. This indicates market value has recently been above its assessed value.
2. Is the living space large for the area?
Yes. At 1,362 sqft, the living area is above the average for both Cobourg Avenue (1,250 sqft avg.) and the broader Glenelm neighborhood (1,165 sqft avg.).
3. How old is this home compared to its neighbors?
Built in 1936, it is notably newer than many area homes. The average year built for comparable homes on its street is 1922, and in Glenelm it’s 1925.
4. What does the “top X%” ranking mean for the land area?
The land area of 3,074 sqft ranks around the middle (46th percentile) on its own street. This means the lot is a fairly typical size for Cobourg Avenue, though smaller than the much larger average lot citywide.
5. Why is the citywide assessed value ranking so low?
The home ranks in the 78th percentile citywide, meaning its assessed value is lower than about 78% of all Winnipeg properties. This is not unusual for an older, moderately sized home in a central neighborhood when compared to newer, larger, or more recently assessed homes across the entire city. Its value is more meaningfully reflected in its strong rankings within Glenelm itself.