Property Summary: 16 Imperial Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home in Winnipeg's Glenwood neighbourhood, built in 1909. Its key characteristic is its exceptionally low price point, reflected in an assessed value of $18,300, which places it in the bottom 1-2% of homes on its street, in the area, and citywide. At 580 square feet of living space on a 2,547 sqft lot, it is significantly smaller than average comparables.
The primary appeal lies in its potential as a minimal-entry point into the Winnipeg housing market. It suits a very specific buyer: an investor looking for a low-cost rental property, a hands-on owner seeking an affordable renovation project, or a buyer with extremely limited capital for whom ownership itself is the primary goal over size or condition. Its age and size mean it is not suited for those needing move-in-ready space or room for a family. A thoughtful perspective is that such a property can represent pure land-value opportunity in an established neighbourhood, with the existing structure being of secondary importance. Its long history also offers a unique, if challenging, piece of Winnipeg’s architectural past.
Section 2: Frequently Asked Questions
1. Why is the price so low?
The home is very small, quite old, and lacks common features like a basement or garage. The assessed value and recent sale history consistently reflect its status as one of the most affordable properties in the city.
2. What type of renovation would it need?
Given its age (built 1909), buyers should budget for significant updates. Potential concerns could include the foundation, wiring, plumbing, insulation, and roof. A thorough inspection is essential.
3. Is this a good investment property?
Its low entry cost could offer a high yield relative to the purchase price for rental income. However, the older building may lead to higher maintenance costs, which must be factored into the investment calculation.
4. How does the lack of a basement affect the property?
It eliminates potential for additional living space, storage, or mechanical systems typically housed below ground. Heating, water heating, and electrical systems will occupy part of the main floor living area.
5. Can the lot be redeveloped?
The lot is smaller than average for the area. Any redevelopment—like building a new home—would need to comply with current zoning bylaws, which may limit the size of a new structure due to the lot dimensions.