Property Overview: 160 Imperial Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, no-frills one-storey home in the Glenwood neighbourhood, built in 1920. With 798 sqft of living space and a standard 4,074 sqft lot, its size is very typical for its immediate street and area. The home features a basement (not renovated) and does not have a garage or pool.
Its primary appeal lies in its position as an affordable, straightforward entry point into the Winnipeg market. The assessed value is notably below averages for the street, neighbourhood, and city, suggesting a lower property tax burden and potential value for a buyer comfortable with a home of this vintage. It suits a pragmatic first-time buyer, an investor looking for a rental property, or someone seeking a modest footprint without the premium of modern upgrades. A thoughtful perspective is that its age and simplicity represent a canvas; it’s a property where future equity could be built through renovations over time, rather than being paid for upfront in the purchase price.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for municipal tax purposes and is influenced heavily by the home's age, size, and condition. This home’ smaller size, older age, and lack of recent renovations place it in a lower value bracket compared to the city's broader housing stock.
2. What does "Top 80%" for assessed value on the street mean?
It means this home’s assessed value is higher than only 80% of comparable homes on Imperial Avenue. In simpler terms, its value is in the bottom 20% on its own street, indicating it is one of the more modestly valued properties there.
3. Is the unrenovated basement a major concern?
It depends on your plans and inspection. While it offers potential storage or future living space, an unrenovated basement in a 106-year-old home should be carefully evaluated for moisture, foundation integrity, and necessary updates to meet modern standards.
4. How reliable are the past sold price ranges shown?
The ranges are based on public data and provide a general market trend. For precise historical sale figures to inform your offer, you must request the exact data via the provided email service.
5. With no garage, what are the parking options?
The property relies on street parking. It’s advisable to check local bylaws for any restrictions and observe parking availability at different times to gauge convenience.