Property Overview
This one-storey home at 106 Stranmillis Avenue in Winnipeg's Glenwood neighbourhood presents a specific and practical opportunity. Built in 1947, its key characteristic is its modest 676 sqft living area, which is notably compact compared to most homes in the city. This is balanced by a decently sized 5,095 sqft lot. The home features a renovated basement, and its assessed value sits well below the citywide average.
Its appeal lies in its affordability and efficiency. It suits first-time buyers seeking an entry point into the market, downsizers looking to reduce maintenance and space, or investors interested in a rental property with a lower initial investment. A thoughtful perspective is that the smaller home footprint on a larger lot could offer future potential for expansion or garden space, which is less common in newer, denser subdivisions. Its "around average" rankings within its immediate street and neighbourhood suggest it fits the local character, offering community familiarity without the premium of a larger, updated home.
Frequently Asked Questions
1. Is the house unusually small?
Yes. At 676 sqft, the living area is significantly below the average for Winnipeg. This makes for efficient, low-maintenance living but requires careful consideration of space needs.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This should be a key question for the seller or agent to understand the finish quality and whether it adds legal living space.
3. How does the assessed value relate to the likely selling price?
The assessed value is $26,900, which is a municipal valuation for tax purposes. The last recorded sale in early 2023 was in the $25.5k-$28.5k range. The selling price will be determined by the current market.
4. Are properties on this street typically this affordable?
Based on the data, yes. The home's assessed value is below average for Stranmillis Avenue, and nearby comparable sales show similarly low valuations, indicating this is a characteristic of the immediate area.
5. What are the implications of a 1947 build date?
While the home is older, its build date is typical for the street and neighbourhood. Buyers should prioritize a thorough inspection to understand the condition of major aging components like the roof, plumbing, and wiring, and to confirm the quality of any updates.