Property Overview: 76 Noble Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1914 on a modest lot in the Glenelm neighbourhood. Its key characteristic is its affordability, reflected in a low assessed value that places it in the bottom 15% of its immediate area. With 720 sqft of living space and an unrenovated basement, it is notably smaller than most comparable homes locally.
The primary appeal lies in its potential as an entry point into the Winnipeg market, particularly for a first-time buyer, an investor, or someone seeking a minimalist footprint. Its low property taxes, due to the assessed value, are a significant financial advantage. The home suits a buyer comfortable with a project, whether that’s updating the existing space, potentially developing the basement (subject to permits and feasibility), or treating it as a long-term hold in a mature neighbourhood. A less obvious perspective is its appeal to those prioritizing location and land ownership over square footage; it offers a chance to own a detached home in an established area where many alternatives are larger and more expensive.
Section 2: Frequently Asked Questions
1. Is this a "tear-down" property?
While its small size and age may lead some to consider redevelopment, its viability as a tear-down depends on local zoning, the cost of new construction, and the value of the existing structure. It is currently a functional, though compact, home.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's specific attributes—its small size, age, and condition—relative to similar properties. It reflects its market position as a more affordable option within its area and city-wide.
3. What does "below average" for land area mean for future use?
The lot is smaller than most in Glenelm. This limits possibilities for large additions or extensive outdoor amenities but can mean lower maintenance and potentially a more efficient use of space.
4. Who would this home not suit?
It would not suit buyers looking for move-in-ready, modern finishes, multiple bedrooms, or ample storage space. Families needing room to grow or those unwilling to take on any renovation work would likely find it too limited.
5. How reliable are the sold price ranges shown?
The ranges are estimates based on public data. For precise historical sale prices to inform your offer, you must request the exact figures via the provided email service, which supplies manually verified data.