Property Overview: 92 Noble Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic two-storey home in the Glenelm neighbourhood, built in 1913. With 1,144 sqft of living space, it sits right around the average size for the area, offering a practical layout for everyday living. The property includes a detached garage and a basement that is noted as being unrenovated. Its lot size is somewhat smaller than area averages.
The primary appeal of this home lies in its position as a straightforward, no-frills property in an established community. Its assessed value is notably below average for the street, neighbourhood, and city, which can signal an accessible entry point into the market. This is not a modernized showhome, but a character property that presents a clear canvas. It would suit a first-time buyer comfortable with a home that may require updates over time, or an investor looking for a rental property in a stable area. The recent sale history suggests it’s a turnover property, often appealing to those seeking value and potential rather than immediate move-in perfection.
Frequently Asked Questions
1. What does "below average" assessed value actually mean for a buyer?
It typically indicates the municipality's valuation is lower than many comparable homes. This can be attractive for keeping property taxes relatively lower, but it often reflects the home's condition or features relative to others in the area.
2. The basement is noted as "not renovated." What should I consider?
This means the basement is likely in original or functional condition, without finished living spaces. It’s essential to have it inspected for moisture, foundation integrity, and the state of mechanical systems (like the furnace or water heater), as updates may be needed.
3. How does the smaller lot size impact the property?
While the yard space is more compact, it can mean less maintenance. For some buyers, this is a practical benefit. It's worth checking local zoning to understand any implications for future additions or structures.
4. The home has sold twice in recent years. Is that a concern?
Not necessarily. It can indicate the property has served as a good "starter home" or investment. It does underscore the importance of a thorough inspection to understand if there are underlying issues or if it simply reflects the nature of the market for value-priced homes.
5. What are the less obvious costs to consider with a 1913 home?
Beyond visible updates, budget for potential upgrades to older electrical wiring, plumbing, and insulation to improve efficiency and safety. Also, consider that original windows and the roof may be nearing the end of their lifespan, which are significant investments.