Property Summary: 124 Bank Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-positioned one-storey home in Glenwood offers solid, above-average space for its immediate area. With 1,208 sqft of living area, it provides more room than most comparable homes on Bank Avenue and within the Glenwood neighbourhood. A key feature is the renovated basement, adding functional living space. The property sits on a standard-sized lot just under 5,000 sqft and includes a detached garage.
The primary appeal lies in its strong relative value within a established community. The home ranks in the top quartile for both living area and assessed value on its street and in Glenwood, suggesting it is a substantial property for the locale. It suits buyers looking for a move-in ready, single-level layout with a finished basement, who prioritize getting more house for their money in a mature neighbourhood over a newer build. A thoughtful perspective is that while the home is older (built 1951), its above-average size and updated basement may offer a more affordable entry into a spacious layout than newer, smaller builds in other areas.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 1,208 sqft, this home is larger than the average home on Bank Avenue (~891 sqft) and in the Glenwood area (~1,015 sqft), placing it in the top 23% locally for living space.
2. What does the assessed value ranking indicate?
The assessed value of $36,300k ranks in the top 10% on its street and top 22% in Glenwood. This typically indicates the municipality views it as a higher-value property relative to its close neighbours, often reflecting its larger size, renovations, or overall condition.
3. Is the basement included in the living area square footage?
Typically, municipal living area calculations do not include below-grade space. The 1,208 sqft likely refers to the main floor. The renovated basement is a separate, valuable addition to that total living space.
4. The home was last sold in 2017. What was the price?
Public data shows a sold price range between $27.50k and $30.50k in July 2017. For the exact historical sold price, you can request it directly via the provided email service on the listing page.
5. How does the age of the home (1951) compare?
The build year is typical for the street and Glenwood, which both average homes built around 1952. So, while older city-wide, it is very standard for this specific established neighbourhood.