Property Overview: 107 Dunraven Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Glenwood presents a practical and affordable entry point into the Winnipeg market. Built in 1949, its 967 sqft living area is notably above average for its immediate street, offering comfortable space for a small household. A key feature is the renovated basement, which adds valuable finished space and modern utility without the need for immediate projects.
The appeal lies in its position as a solid, no-frills property in an established neighbourhood. With no garage or pool, it suits buyers seeking simplicity and lower maintenance. The lot size, while smaller than some on the street, is very typical for Glenwood, offering manageable outdoor upkeep. Its assessed value is consistently around the neighbourhood average, suggesting a stable, unassuming investment rather than a standout bargain or premium property.
This home would best suit first-time buyers, downsizers, or pragmatic investors looking for a functional, move-in-ready base in a mature community. It’s for those who prioritize a renovated interior and location over larger lot size or newer construction. A less obvious perspective is that its "around average" metrics across the neighbourhood indicate a lower risk of overpaying relative to the immediate area, providing a sense of security for cautious buyers.
Section 2: Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 967 sqft, the living area is actually above the average (918 sqft) for homes on Dunraven Avenue itself, making it a relatively spacious option on its street, though slightly below the wider city average.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope (e.g., flooring, ceiling, legal egress) is not detailed. This would be a key point for a home inspection or direct inquiry with the seller to understand the quality and permits.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value ($29,400) is a municipal figure for tax purposes. Notably, the last recorded sale (8/2022) was in the $27.5k-$30.5k range, suggesting the assessed value is closely aligned with recent market activity in this price segment.
4. What are the implications of having no garage?
Buyers should plan for street parking and consider the cost of installing a shed or carport for storage. In this mature neighbourhood, many homes lack garages, so it is a common characteristic rather than a unique drawback.
5. How does the age of the home (1949) factor in?
Built in 1949, the home is older than most in Winnipeg. While it has a renovated basement, potential buyers should be prepared for the maintenance and potential updates typical of a home from this era, such as older windows, plumbing, or electrical systems, even if they are currently functional.