Property Overview: 142 Humboldt Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home in Glenwood presents a practical opportunity centered on its generous lot and solid value. At 748 sqft, the living space is modest and below average for the area, but it features a renovated basement, adding functional space. The true standout is the 5,101 sqft lot, which is significantly larger than most on the street and in the neighbourhood, offering ample outdoor potential. Built in 1949, the home is older than many peers but carries an assessed value that is competitive and stable for its locale. Its appeal lies in this land-to-house ratio—it’s a property where the yard is a primary feature. It would suit a first-time buyer comfortable with a smaller footprint, a hands-on owner interested in gardening or outdoor projects, or an investor looking for a property with land value in a well-established area. A less obvious perspective is that, while the home itself is unassuming, its above-average lot size on a per-square-foot basis could provide long-term flexibility not found in newer, more densely built subdivisions.
Frequently Asked Questions
1. Is the smaller living area a concern?
While the 748 sqft main floor is compact, the renovated basement provides additional finished space, making the total usable living area more comfortable than the initial metric suggests.
2. What does the assessed value indicate?
The assessed value is above average for Humboldt Avenue and around average for Glenwood, suggesting the property is viewed as a solid, typical value for this established neighbourhood, not over or under-valued.
3. How does the large lot size benefit a buyer?
The lot is notably larger than most in the immediate area, offering more private outdoor space, potential for expansions (subject to zoning), and a greater sense of openness—a rarity in older neighbourhoods.
4. What is the neighbourhood like?
Glenwood is a mature, established area. The property rankings show homes here are typically similar in age and value, indicating a stable, consistent community without extreme highs or lows.
5. Are there any obvious drawbacks?
The home is older (1949) and has a detached garage, which may require maintenance. The living area is smaller than the Winnipeg average, so it may not suit those needing ample indoor space without planning to utilize the basement or expand.