Property Overview: 166 Humboldt Avenue, Winnipeg
Key Characteristics & Buyer Profile
This is a compact, one-storey home built in 1949, situated on a standard-sized lot in the Glenwood neighborhood. Its key characteristic is its modest scale, with 735 sqft of living space, which is notably smaller than most homes in the area and across Winnipeg. However, it features a renovated basement, adding functional space. The home’s assessed value is very modest compared to the city-wide average, but is typical for its immediate street and neighborhood.
The appeal lies in its affordability and efficiency. It represents a straightforward entry point into homeownership with lower property taxes, and the renovated basement offers immediate utility without the need for initial projects. It would suit first-time buyers, downsizers looking to simplify, or pragmatic investors seeking a manageable rental property. A less obvious perspective is that its smaller size and older construction date on Humboldt Avenue actually rank above average for the street, suggesting it fits the character of a mature, established block where larger, newer homes are less common.
Frequently Asked Questions
1. Is the living area too small?
At 735 sqft, the home is compact. It is smaller than the average home in Glenwood and significantly smaller than the Winnipeg average. The renovated basement provides crucial additional space, making it a functional option for individuals, couples, or small families comfortable with efficient living.
2. How does the assessed value affect property taxes?
With an assessed value around $30,000, which is typical for Humboldt Avenue and Glenwood, the property tax burden will be relatively low compared to the city-wide average. This is a key factor in the home’s overall affordability.
3. What does the sale history indicate?
The home sold previously in 2021 and 2017. The increase in sale price between those dates aligns with broader market trends. Its sale prices have consistently ranked in the middle to upper ranges for similar properties on its street, indicating stable demand for well-positioned homes in the area.
4. Are there any major concerns with a 1949 build?
The year built (1949) is older than most homes in Winnipeg. While this means potential for older components, it’s worth noting that on its own street, this home is actually newer than many of its neighbors. A thorough inspection is always recommended to understand the condition of the roof, wiring, plumbing, and foundation.
5. What is the potential here for future value?
The value proposition is grounded in affordability and location rather than speculative growth. Its potential lies in being a cost-effective, low-maintenance home in a stable neighborhood. Any significant increase in value would likely be tied to broader market movements or substantial upgrades, rather than the inherent appreciation of a premium lot or structure.