Property Overview: 107 Humboldt Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Glenwood stands out for its modern foundations and above-average spaciousness within its immediate area. Built in 2020, it is a notably newer construction compared to most homes on its street and in the wider neighbourhood, suggesting modern building standards, systems, and minimal immediate maintenance concerns. With 1,392 sqft of living space, it offers significantly more room than the typical home on Humboldt Avenue and in the Glenwood area, placing it in the top tier locally. The basement has been renovated, adding to its functional living space.
The appeal lies in this combination of new construction and generous interior space in an established neighbourhood. It suits buyers looking for a move-in-ready, modern home without the typical character-home upkeep, and who prioritize interior square footage over a large yard. A thoughtful perspective: its elite assessed value ranking on the street indicates it is viewed as a premium property in its micro-market, which can be a double-edged sword—potentially higher property taxes but also a sign of solid investment relative to its immediate peers. The smaller land area (2,549 sqft) means less exterior maintenance, appealing to those seeking a low-maintenance lifestyle, but offers limited space for expansions like large decks or additions.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessed value of $50.30k is in the top 1% on Humboldt Avenue, largely driven by the home's new construction (2020) and its significantly larger living area compared to the older, often smaller homes that dominate the street.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or listing agent to understand if it’s a finished living space, a rental suite, or contains specific amenities.
3. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should investigate on-street parking permits, visitor parking availability, and consider the impact on vehicle storage during Winnipeg winters and for general storage needs.
4. The home sold in 2022; is the current price significantly higher?
The sold price in July 2022 was between $61.50k and $64.50k. Comparing the current asking price to that 2022 sale will clearly indicate the market appreciation sought by the current seller.
5. Given the smaller lot size, what are the outdoor space limitations?
With a land area ranking in the bottom 15% locally, the yard is compact. This limits potential for large gardens, sprawling play structures, or future expansions like a sizable garage or home addition, but simplifies landscaping upkeep.