Property Overview
121 Imperial Avenue is a compact, one-storey home in Winnipeg's Glenwood neighborhood. Built in 1945, its primary appeal lies in being an accessible entry point into the housing market. With 624 sqft of living space, it is notably smaller than most homes in the area and citywide, positioning it as a minimalist or starter option. The property sits on a roughly 4,145 sqft lot, which is fairly typical for the street but below the city average. It features a basement (not renovated) and a detached garage. Its assessed value is significantly below area and city averages, suggesting a lower property tax burden and a price point aimed at budget-conscious buyers. This home would suit first-time buyers, investors looking for a rental property, or those seeking a low-maintenance, downsizing option where the land and location hold more value than the existing structure.
Key Considerations & FAQs
1. Who is this home best suited for?
This property is a practical choice for first-time buyers prioritizing entry into the market over space, or for investors seeking a rental with a manageable overhead. Its scale also makes it a candidate for someone looking to downsize significantly.
2. How does the size impact livability?
At 624 sqft, the living area is compact. This requires efficient use of space and means it may not suit those needing multiple bedrooms, a home office, or ample storage. The basement presents potential for additional space but would require renovation.
3. What does the assessed value indicate?
The assessed value of $24,800 is well below local averages. This typically correlates with lower municipal property taxes, which is a financial plus. It also strongly suggests the selling price will be positioned at the very affordable end of the market.
4. Is the land size a redeeming feature?
The lot is average for the street but smaller than the city norm. It offers modest outdoor space without being burdensome to maintain. For some buyers, the potential for future expansion or redevelopment of the lot itself might be a long-term consideration, though the existing home's small footprint already utilizes it.
5. What should I know about the neighborhood context?
In Glenwood, this home ranks in the bottom tier for both size and value. This isn't necessarily negative—it simply means it’s one of the most affordable options in the area. Buyers should weigh the benefit of the neighborhood location against living in a home that is substantially smaller than most of its neighbors.