Property Overview: 79 Riverton Avenue, Glenelm, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1907, presents a classic character home opportunity in the established Glenelm neighborhood. Its key appeal lies in a balanced profile: it offers a generous 5,005 sqft lot that ranks well above average for both the street and the area, providing valuable outdoor space and potential. The living area (1,117 sqft) and municipal assessed value are both positioned solidly around the average for nearby comparable homes, suggesting it aligns with local expectations.
The home suits a specific buyer: someone drawn to the authenticity and lot size of an older neighborhood, who is likely prepared for the maintenance or updating that comes with a 119-year-old structure. Its unrenovated basement and average interior metrics indicate it’s a canvas rather than a turn-key property. The appeal is grounded in its proportionally large yard in a mature community, making it ideal for a buyer valuing space and location over modern finishes, and who sees potential in a home with a long history.
Frequently Asked Questions
1. What does the assessed value tell me about the likely selling price?
The assessed value is a municipal figure for tax purposes and is notably lower than city-wide averages. It should not be used alone to estimate market value. Recent sold price data for the area and similar homes would be more relevant indicators.
2. How significant is the "unrenovated basement" note?
This indicates the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates, assess moisture control, and consider it an area for future improvement rather than a current finished living space.
3. The home is older than most in Glenelm. What should I consider?
Its 1907 build date means systems like wiring, plumbing, and the foundation may require thorough inspection. However, this age also often comes with solid construction materials and classic architectural details not found in newer builds.
4. The lot size is highlighted as "above average." What are the advantages?
A larger lot in an older neighborhood like Glenelm offers more private outdoor space, room for gardens, play areas, or additions. It also potentially provides better future value retention compared to homes on smaller, tighter lots.
5. How can I find out the exact historical sold prices?
The listing notes that exact sold price history is available by request via email. The provided range (e.g., $19.50k ~ $22.50k for 6/2017) gives a historical benchmark, but precise figures are shared directly by the service upon contact.