Property Summary: 107 Vivian Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Glenwood offers a practical and established living proposition. Built in 1945, its key feature is a recently renovated basement, adding valuable modernized space to the 1,155 sqft floor plan. The property sits on a 4,086 sqft lot, which is a comfortable size for the neighbourhood.
The appeal lies in its solid positioning within a mature community. The home's living area is notably above average for both Vivian Avenue and the wider Glenwood area, offering more interior space than many direct comparables. While its assessed value and other metrics generally align with local averages, this suggests a home that is competitively priced within its immediate context. It represents a classic Winnipeg housing stock: not the newest, but well-sized for its locale and with a key update in the basement. This property would suit a buyer looking for a move-in ready home in a settled neighbourhood without requiring major immediate renovations, particularly those who value the extra flexible space a finished basement provides. It’s a straightforward option for first-time buyers or downsizers seeking a manageable property with a touch of modern convenience in an older home.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
The living area of 1,155 sqft ranks in the top 26% on Vivian Avenue itself and the top 27% in the Glenwood area, meaning it is genuinely larger than many of its immediate neighbours and comparable local homes.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $310,000 is around the average for the street, area, and city. It serves as a baseline for municipal taxation, but market conditions, the home's specific condition, and the renovated basement will be the primary drivers of its final sale price.
3. What are the implications of the home’s age (1945)?
While the home is older than the citywide average, it is typical for the Glenwood area. The renovated basement is a significant update. Buyers should focus on the inspection report for the condition of major aging components like the roof, wiring, and plumbing, which are common considerations for homes of this era.
4. The lot size is noted as "below average" citywide. Is that a concern?
This is primarily a reflection of Winnipeg’s expansive newer suburbs with larger lots. At over 4,000 sqft, the lot is actually above average for Vivian Avenue and is a standard, manageable size for the mature Glenwood neighbourhood, suitable for gardening and outdoor space without excessive upkeep.
5. The last known sale was in 2021. What does that price history indicate?
The home sold in the $295,000 - $325,000 range in mid-2021. Market dynamics have shifted since then, so that figure is a historical data point rather than a direct predictor of current value. It does, however, show a pattern of steady ownership.