Property Overview: 122 Essex Avenue, Glenwood, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2016, offers a modern living space in the established Glenwood neighbourhood. Its primary appeal lies in its relative newness and above-average interior space compared to its immediate surroundings. With 1,386 sqft of living area, it ranks in the top 4% of homes on Essex Avenue for size, providing more room than most neighbouring properties. It features a detached garage and a basement (not renovated).
The home’s assessed value is strong for both the street and the wider Glenwood area, placing it in the top 15%. This suggests a well-regarded property in its local market. A thoughtful perspective is that this home offers a "best of both worlds" scenario: it’s a newer, low-maintenance build that avoids the immediate renovation needs of many older area homes, yet it’s situated in a mature neighbourhood with established character.
The trade-off is a smaller land area (2,561 sqft), which is below average for the city and even for this street. This makes it ideal for buyers who prioritize interior space and modern construction over a large yard. It would suit first-time buyers or small families looking for a move-in-ready home without the footprint of an extensive garden to maintain, or professionals seeking a modern property in a convenient, established location.
Frequently Asked Questions
1. How does this home’s value compare to others?
Its assessed value of $40,400 is above average for both Essex Avenue and the broader Glenwood neighbourhood, placing it in the top 15% locally. This indicates it is a higher-valued property within its immediate community.
2. What are the trade-offs of the newer construction?
The 2016 build date means less worry about major aging systems, but the lot size is notably smaller than average for the area. You gain a modern, spacious interior but have less outdoor space than many neighbouring properties.
3. Is the basement finished?
No, the basement is noted as "not renovated," offering blank-canvas storage or future living space, but requiring investment to finish.
4. What does the sales history indicate?
It sold previously in July 2019 and again in July 2022. The price increased between those sales, consistent with its above-average assessed value in the area.
5. How does the living space truly compare?
While the living area is generous for this specific street (top 4%), it is closer to the city-wide average. This highlights that its size is a standout feature locally but is more typical when viewed across all of Winnipeg.