81 Martin Avenue W

Property Overview: 81 Martin Avenue W, Glenelm, Winnipeg

Key Characteristics & Appeal

This is a classic two-storey home built in 1913, offering 1,040 sqft of living space on a 2,699 sqft lot in the established Glenelm neighbourhood. Its key appeal lies in its solid fundamentals and value within its immediate area. While the home has an unrenovated basement and no garage, its assessed value ranks notably high for Martin Avenue W itself, suggesting it is viewed as a well-maintained or desirable property on its specific street. The living space is comfortably average for the local context, making it a practical, no-frills family home.

This property would suit a pragmatic buyer—perhaps a first-time homeowner or an investor—who values location and lot potential over turn-key finishes. It’s for someone comfortable with a home that has history and may require updates, but which presents a stable foundation in a mature community. The smaller lot size relative to Glenelm averages means less yard maintenance, which could be a plus for those seeking a more manageable outdoor space.

Frequently Asked Questions

1. How does the assessed value compare to recent sale prices?
The home was last sold in March 2022 for between $27.5k and $30.5k, which is consistent with its current assessed value of $26.5k. This indicates stable value in recent years.

2. What does "above average" assessed value for the street mean?
While the home is average or below average in many metrics city-wide, its assessed value is in the top 14% on Martin Avenue W itself. This often reflects a property in better condition, with more updates, or on a more desirable part of the street compared to its immediate neighbours.

3. Is the smaller lot size a disadvantage?
It depends on your priorities. The lot is below the Glenelm average, which may limit expansion potential or extensive landscaping. However, it also means less upkeep and could be appealing for those seeking a lower-maintenance yard.

4. What should I know about a home built in 1913?
While charming, a home of this age will likely have older building materials and systems. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and roof. The unrenovated basement also suggests original conditions there.

5. How does this home fit in the Glenelm neighbourhood?
It’s a very typical home for Glenelm in terms of age and living space. Its assessed value is slightly above the neighbourhood average, but its lot size is smaller than most. It represents a classic, centrally-located entry point into the area.