Property Summary: 119 Guay Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Glenwood neighborhood, built in 1909. With 892 sqft of living space and a detached garage, its key characteristic is being a modest, established property. Its appeal lies in its relative affordability and a renovated basement, offering valuable additional living space. The lot size is typical for the immediate street but is smaller than the Winnipeg average.
This home would suit first-time buyers or investors looking for an entry point into the market without major renovation needs, thanks to the updated basement. It’s a practical choice for those who prioritize location and function over size or modern build dates. A thoughtful perspective is that its age and smaller footprint compared to city averages could mean lower utility costs and less maintenance overhead, which is appealing for budget-conscious owners. It represents a straightforward, no-frills home in a mature community.
Section 2: Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 892 sqft, the living area is slightly below the average for Glenwood (~1,015 sqft) and for Guay Avenue itself (~1,063 sqft), indicating a cozier floor plan.
2. What does the assessed value indicate?
The assessed value of $26,900 is around average for both the street and the Glenwood area, but is significantly below the wider Winnipeg average, reflecting the home's smaller size and older age.
3. Are there any concerns with the home being built in 1909?
The 1909 build date means this is one of the older homes in the area. Prospective buyers should prioritize a thorough inspection to understand the condition of original components, though the renovated basement is a noted positive update.
4. How does the lot size affect the property?
The 3,619 sqft lot is standard for Guay Avenue but below average for both the Glenwood neighborhood and Winnipeg overall. This suggests a smaller yard, which could mean less outdoor maintenance.
5. What can recent sale history tell us?
The home sold in May 2017 for an estimated $21.5k-$24.5k. This past price, relative to its current assessment, can provide context for market trends and the property's historical value in the area.