Property Overview & Key Characteristics
This one-storey home at 188 Imperial Avenue in Winnipeg's Glenwood neighborhood presents a specific and practical opportunity. Its key appeal lies in being a modest, entry-level property on a larger-than-average lot for its immediate area. At 672 sqft, the living space is compact and significantly below average for the city, suggesting a home suited for minimalists, first-time buyers comfortable with a smaller footprint, or an investor. The detached garage and a land area over 5,000 sqft are standout features, offering valuable outdoor space and potential that the home itself does not. The assessed value is consistently around the average for both the street and the neighborhood, indicating a stable, no-frills valuation.
It would best suit a buyer looking for an affordable foothold in the market who values land size over house size, seeing potential in the lot itself. It could also appeal to those seeking a manageable, low-maintenance property without the premium of a modern or expanded home. A less obvious perspective is that this property represents a pure "value of land" scenario in an established area, where the structure contributes minimally to the overall price, making it a candidate for future expansion or redevelopment.
Frequently Asked Questions
1. Is this a small house compared to others?
Yes, at 672 sqft, it is notably smaller than most homes in Glenwood and across Winnipeg. This is reflected in its rankings, placing it in the bottom 15% for living area on its own street.
2. What is the standout feature of this property?
The land. The lot is over 5,000 sqft, which is above average for Imperial Avenue and Glenwood. This provides a generous outdoor space that is uncommon for a home of this size and price point.
3. What type of buyer is this best for?
It's best suited for a first-time buyer or investor with a limited budget who prioritizes getting into the neighborhood over immediate living space. The large lot may appeal to someone with long-term plans to renovate or expand.
4. How does its value compare to nearby homes?
Its assessed value is very typical for the local area. While the house is small, its value is on par with neighbors, suggesting the lot size and location are balancing factors in its assessment.
5. The home was built in 1945. What should I consider?
As an 80-year-old home, a thorough inspection is essential. While its age is average for the street, potential buyers should budget for updates to major aging systems like plumbing, electrical, or the roof, which are common for houses of this era.