Property Overview: 117 Imperial Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 117 Imperial Avenue in Glenwood presents a practical and modern living opportunity. Its key characteristic is its relative newness, built in 2013, which stands out significantly in a neighbourhood and city dominated by older homes. This suggests updated building systems, modern layouts, and potentially lower immediate maintenance costs.
The appeal lies in this balance of a contemporary home within an established community. While the living space (895 sqft) and lot size (2,550 sqft) are compact, they translate to manageable upkeep. The home features a renovated basement and a detached garage. Its assessed value is strong for the immediate area, indicating it is viewed favorably compared to its local peers.
This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without leaving a mature neighbourhood. It’s also a sensible fit for pragmatic investors or buyers who prioritize newer construction and efficient use of space over larger square footage or expansive yards. A less obvious perspective is that the compact lot could be a hidden benefit for those with busy lifestyles, minimizing weekend yard work while still providing private outdoor space.
Section 2: Frequently Asked Questions
1. Is the price reasonable for the size?
While the living area is below the city average, the home’s assessed value ranks above average for its street and neighbourhood. This premium is likely attributed to its modern construction (2013) and renovated basement, suggesting you are paying for condition and age rather than sheer square footage.
2. What is the neighbourhood like?
Glenwood is an established, quiet neighbourhood. The home’s lot size is notably smaller than typical for the area, which may affect privacy but also reduces maintenance. The property is in close proximity to neighbours, offering a more communal feel.
3. Are there any concerns about the property’s history?
The available price history shows steady appreciation, with the last sale in 2022. The modern build date minimizes common concerns about aging foundations or outdated wiring found in much older Winnipeg homes.
4. Who would this property not suit?
It may not suit buyers needing multiple bedrooms, dedicated home office space, or those who desire a large garden, workshop, or significant distance from adjacent homes. Families planning to grow might find the space limiting in the long term.
5. How does the detached garage factor in?
The detached garage is a valuable asset, especially with a smaller home, as it provides secure storage or workshop space that doesn’t encroach on living areas. However, consider winter accessibility compared to an attached garage.