Property Overview
This one-and-three-quarter storey home, built in 1924, is a classic Glenwood character property. With 1,188 square feet of living space, it offers more room than many comparable homes in the immediate area and neighborhood. Its key characteristics include an unfinished basement and no garage, presenting a straightforward, traditional layout. The assessed value is modest and in line with local norms, though it sits below the citywide average, reflecting its older vintage and smaller 3,571 sqft lot relative to the broader Winnipeg market.
The appeal lies in its established neighborhood setting and its above-average interior space for Glenwood. It suits a practical, value-oriented buyer—perhaps a first-time homeowner, an investor, or someone seeking a lower-cost entry into a stable area without requiring a modern, renovated home. It’s a property where the value is in the existing structure and location rather than premium lot size or recent updates. A thoughtful perspective is that its "below average" rankings in year built and lot size citywide are actually typical for its mature neighborhood, meaning you’re buying into a community character, not competing with newer suburban standards.
Frequently Asked Questions
1. What does "one & 3/4 storey" mean?
This is a common architectural style where the second floor has slightly less full-height ceiling space than the main floor, often featuring dormer windows. It typically provides good room count and layout in a compact footprint.
2. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes. Recent sold price data for this home shows it has traded in the $31.5k-$34.5k range, which is close to its current assessed value of $29.2k. This suggests the market price aligns closely with the city's assessment.
3. What are the implications of an unfinished, non-renovated basement?
It offers functional storage or utility space as-is, but also represents the most significant opportunity for future expansion or improvement. Buyers should budget for any necessary moisture control or upgrades to make it a living space.
4. Is the lack of a garage a major drawback?
In this neighborhood and for homes of this era, it is not uncommon. Buyers should consider on-street parking or the potential cost and space to add a shed or garage later, subject to local bylaws.
5. The home is older than most in the city. What should I be mindful of?
While offering character, an older home like this may have original systems (plumbing, wiring, heating) that require inspection. Its above-average living space for the area is a plus, but maintenance focus may differ from a newer build.