Property Overview: 109 Bank Avenue, Winnipeg
Key Characteristics & Appeal
This well-maintained one-storey home in Glenwood presents a practical and value-conscious opportunity. Its primary appeal lies in offering above-average interior space and a modernized foundation within a modest footprint. At 1,080 sqft, the living area ranks in the top 20% for Bank Avenue and is notably larger than many area comparables. The home benefits from a renovated basement, adding functional space. Built in 1978, it is a newer construction compared to many homes in Glenwood and on its street, which often date to the 1950s, suggesting potentially fewer concerns with aging core components.
The property’s assessed value consistently ranks above average for both the immediate street and the broader Glenwood area, indicating recognized value by municipal assessment. A thoughtful perspective is the trade-off present: while the house itself scores well on size and era, the land parcel is smaller than most in the area (3,511 sqft). This translates to less yard maintenance—a plus for some—but may limit expansion possibilities. It suits first-time buyers, downsizers, or practical investors seeking a move-in-ready, efficiently sized home without the upkeep of a larger lot or a century-old structure. Its strong rankings on key metrics like living area and year built within its local context make it a standout for those prioritizing the condition and usability of the home itself over a large property.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the land area is below average for the neighbourhood, it results in less yard maintenance. The trade-off is less private outdoor space and limited potential for large additions. The value is concentrated in the dwelling itself.
2. The home sold in 2022 and again in 2016. What does this history suggest?
The sold price ranges show appreciation between 2016 and 2022. The recent sale history indicates a property that has changed hands every 5-6 years, which is not uncommon but may prompt questions about the reasons for sale from the current owner.
3. What does "renovated basement" typically mean in this context?
For a 1978 home, this likely indicates the basement has been finished into livable space (e.g., rec room, bedrooms) with updated surfaces and compliance with more modern building codes than the original construction, adding significant functional area.
4. With no garage, what are the parking options?
The listing indicates no garage. Buyers should verify on-site parking arrangements, such as a driveway or pad, and review any street parking regulations with the city.
5. How meaningful are the "top percentile" rankings provided?
These rankings are highly contextual. Ranking in the top 20% for living area on its own street is a strong indicator that this home offers more space than its direct neighbours, which is a key driver of value and livability in a local comparison.