Property Overview
This one-and-a-half storey home at 10 Guay Avenue in Winnipeg's Glenwood neighbourhood presents a classic character home opportunity. Built in 1942, its key appeal lies in a generous, above-average lot size of over 6,000 sq ft—a standout feature that ranks in the top 5% on its own street. The home itself, with 990 sq ft of living space and a renovated basement, offers a manageable footprint. Its assessed value and living area are consistently around the average for Glenwood, suggesting it’s a typical, well-priced entry for the area rather than an outlier. This property would suit a first-time buyer or downsizer looking for a character home with significant outdoor space in a stable, established neighbourhood. It’s also a candidate for someone with a vision for gradual updates or an addition, where the large lot provides valuable flexibility that many newer homes lack.
Frequently Asked Questions
1. How does the lot size compare to others?
The land area of 6,086 sq ft is a significant asset. It ranks in the top 10% within the Glenwood neighbourhood and is notably larger than most lots on Guay Avenue itself, offering more privacy and yard potential than typical area properties.
2. Is the home larger or smaller than average for the area?
The living space is very close to the Glenwood average. At 990 sq ft, it provides a comfortable size for the neighbourhood, though it is below the city-wide average, reflecting the character of older, established communities.
3. What is the context for the assessed value?
The assessed value of $290,000 is around the middle range for Glenwood. This indicates the property is viewed as a standard, representative home for the area, not over- or under-valued based on its core attributes.
4. What can recent sales on the street tell me?
Recent sales data shows a wide range of values on Guay Avenue, from approximately $255k-$285k to homes assessed over $400k. This suggests the street has a mix of home conditions and sizes, and the final price will be highly dependent on this specific home's interior condition and updates.
5. Are homes from the 1940s common here?
Yes. With a 1942 build date, this home is actually slightly older than the average for Glenwood, but not unusually so. The neighbourhood features a variety of vintage homes, and many from this era share similar layouts and potential renovation considerations.