Property Overview: 164 Stranmillis Avenue, Glenwood, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, presents a solid opportunity in Winnipeg's Glenwood neighborhood. Its key appeal lies in its balance of space and value. With 1,036 sqft of living area, the home is comfortably sized and comparable to others in the immediate area. A standout feature is the 5,100 sqft lot, which is notably larger than many neighboring properties, offering valuable outdoor space or future potential in a mature setting. The home includes a renovated basement and a detached garage.
Its assessed value positions it as an accessible entry point into the market, particularly for first-time buyers, downsizers, or practical investors looking for a character home without a premium price tag. The appeal is grounded in its straightforward, no-frills offering: a manageable-sized house on a generous lot in an established community. It suits a buyer who values space over a modern turn-key finish and is comfortable with a home of this vintage, likely seeing it as a canvas for gradual updates.
Section 2: Frequently Asked Questions
1. How does the home’s value compare to the area?
The assessed value is consistently around the average for both Stranmillis Avenue and the broader Glenwood neighborhood, suggesting it is priced in line with local expectations and not overvalued relative to its immediate peers.
2. What does the larger lot size mean for me?
At 5,100 sqft, the lot is above average for the street and neighborhood. This provides more private outdoor space than many nearby homes and could be a long-term asset for gardening, expansion, or simply enjoying more distance from adjacent properties.
3. Is the sold price history typical?
Recent sale data indicates the home has traded within a stable, moderate price range over the past several years. The trajectory doesn't show dramatic spikes, which can indicate a stable, predictable market for the property.
4. What should I consider about a home from 1948?
While it features a renovated basement, the core structure is 78 years old. Prospective buyers should budget for and prioritize inspections of fundamental systems like plumbing, electrical, and the roof, which may be original or nearing the end of their service life.
5. Who are the most likely neighbors or comparable buyers?
Given its profile, the home naturally appeals to those seeking an affordable entry into an established area. Its practical size and lot also make it a candidate for small families, tradespeople who value a detached garage, or investors looking for a stable rental property in a non-speculative market segment.