Property Overview: 163 Handyside Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Glenwood home is a classic one-storey with a renovated basement, presenting a compelling opportunity for specific buyers. Its primary appeal lies in a rare combination: a modest, manageable house on an exceptionally large lot. At 6,197 sqft, the property boasts one of the largest parcels on its street and ranks in the top 6% for land size in the Glenwood area. This creates significant potential for gardening, expansion, or simply enjoying generous outdoor space—a feature increasingly hard to find.
The house itself, at 864 sqft of living area, is compact and efficient. It suits buyers looking for a lower-maintenance footprint without sacrificing yard space. The detached garage adds practical storage or workshop potential. While the home’s living space is below average for the city, its assessed value is firmly in the mid-range for its neighbourhood, suggesting the premium is in the land itself. This property would ideally suit a first-time buyer, a downsizer, or an investor seeking a home with a "value-add" opportunity, where the land represents a substantial portion of the asset. Its character is one of practicality and potential, rather than immediate luxury.
Section 2: Frequently Asked Questions
1. Is the house in need of major updates?
The listing confirms a renovated basement, which is a positive update. As the main house was built in 1952, prospective buyers should budget for potential updates to original systems (like plumbing or electrical) and main-floor finishes, which is typical for a home of this era.
2. What makes this property stand out in the area?
The standout feature is the lot size. It ranks #1 on Handyside Avenue and is in the 94th percentile for Glenwood. You are purchasing significantly more land than most neighbouring properties, which is a long-term advantage.
3. How does the sold price history help determine value?
The home sold in August 2022 for an estimated $26.5k-$29.5k, and is now assessed at $31.6k. This recent sale provides a concrete benchmark, showing assessed value growth in a short period and offering a clear data point for market comparison.
4. Who would this property not be ideal for?
It may not suit a buyer seeking a large, move-in-ready home with ample interior space. The living area is below both street and city averages, so those needing multiple bedrooms or spacious common areas might find it limiting without planning a future expansion.
5. What are the immediate next steps for a serious buyer?
First, verify the exact 2022 sale price by requesting it via the provided email service to solidify your valuation baseline. Then, investigate the zoning bylaws for the Glenwood area to understand what can be built or added to a lot of this size, as this is key to unlocking its full potential.