Property Overview: 1-11 Guay Avenue, Glenwood, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 1-11 Guay Avenue is a modern property built in 2016, offering a practical and low-maintenance living option in Winnipeg's Glenwood neighbourhood. Its key appeal lies in its contemporary build, which means buyers can expect newer systems and less immediate concern for major repairs compared to the area's older housing stock. The home features a renovated basement and a functional living space of just over 1,000 square feet.
The property’s standout characteristic is its above-average assessed value for both the street and the broader Glenwood area, suggesting it is viewed as a higher-quality asset within its immediate context. However, it sits on a notably smaller lot, ranking at the very bottom of the local scale for land area. This creates a specific trade-off: you are acquiring a newer, efficiently designed home but with minimal outdoor private space.
This home would suit first-time buyers or downsizers seeking a modern, move-in-ready property without the upkeep of an older house. It’s also a pragmatic fit for investors, given its consistent valuation and recent sale history indicating stable demand. The appeal is for those who prioritize the condition and efficiency of the interior living space over a large yard.
Section 2: Frequently Asked Questions
1. Is this a good value for the area?
The data suggests it is a premium offering on its street. Its assessed value is in the top 20% on Guay Avenue and top 14% in Glenwood, indicating it is considered a higher-value property locally, likely due to its 2016 construction year.
2. What are the drawbacks of the smaller lot size?
The land area is significantly below average for the street, neighbourhood, and city. This means limited potential for expansions like additions or large decks, and minimal private outdoor space for gardening or recreation.
3. How does the living space compare to nearby homes?
At 1,062 sqft, the living area is very close to the average for both Guay Avenue and the Glenwood neighbourhood, but below the Winnipeg city-wide average. It offers a standard amount of space for the immediate area.
4. What does the sale history indicate?
The home sold previously in 2016 and 2020. The sold price ranges show consistency and have tracked above the local average at those times, pointing to steady market acceptance without volatile price swings.
5. Who are the likely neighbours, based on nearby properties?
Guay Avenue features a mix, from older, smaller homes like the 588 sqft house at #12 to other modern builds. The immediate vicinity includes several other properties on similarly compact lots, suggesting a neighbourhood in transition or with varied housing styles.