Property Overview: 147 Bank Avenue, Glenwood, Winnipeg
Key Characteristics & Appeal
This is a classic, well-maintained 1952 one-storey home in Winnipeg's Glenwood neighborhood. With 952 sqft of living space and a renovated basement, it offers a practical layout for everyday living. Its standout feature is the 5,020 sqft lot, which is notably larger than most on Bank Avenue and in the surrounding area, providing valuable outdoor space and potential.
The home’s appeal lies in its grounded, established character. It represents a solid entry point into the market, particularly for those who value a larger yard over sheer interior square footage. The detached garage adds functional storage or workshop space. While the living area is modest city-wide, it is competitive for the immediate street and neighborhood, suggesting the home is priced appropriately within its local context.
This property would suit first-time buyers, downsizers, or practical investors looking for a low-maintenance, single-level home with room to garden, entertain, or simply enjoy private outdoor space. It’s for someone who sees the inherent value in a generous lot—a feature that can’t be expanded—within a mature community.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is a municipal figure for tax purposes. The recent sold price history for the home and comparable nearby properties, which you can request via email, will provide a more accurate guide to current market value.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This is a key point for a viewing, to understand the finish quality, ceiling height, and whether it includes a legal secondary suite or additional living space.
3. Is the larger lot a benefit for future expansion?
Potentially. The lot size is a significant asset. Buyers should verify local zoning bylaws to understand if there is potential for additions, a garage expansion, or even future subdivision, which could add long-term value.
4. How does this home rank for its age?
Built in 1952, it is actually newer than many homes on its street and in Glenwood. This suggests it may have benefited from slightly updated construction methods or materials for its era, though a thorough inspection is always recommended.
5. What is the neighborhood feel of this part of Glenwood?
The data shows homes on Bank Avenue are very consistent in size, value, and age. This indicates a stable, uniform streetscape of well-established properties, often appealing to those seeking a quiet, consistent character without drastic variations between houses.