Property Overview: 194 Stranmillis Avenue, Glenwood, Winnipeg
Key Characteristics & Appeal
This one-storey home in Glenwood presents a practical opportunity, particularly for its generous 5,101 sqft lot—a standout feature that ranks in the top 9% for lot size on its street. The house itself is modest at 779 sqft of living space, which is below the neighbourhood average, and it dates back to 1947. A key update is the renovated basement, adding functional space, and the property includes a detached garage. Its assessed value is consistent with area averages.
The primary appeal lies in its land value and potential. The large lot offers room for expansion, gardening, or outdoor living—a relative rarity—while the home’s renovated basement provides immediate, usable space. It suits a value-conscious buyer, such as a first-time homeowner comfortable with a smaller footprint, or an investor looking for a property where the land represents a significant portion of the value. It’s a grounded choice for those who see potential in the lot itself, rather than a move-in-ready showcase.
Frequently Asked Questions
1. Is the house in good condition?
While specific interior condition isn't detailed here, the listing notes a renovated basement, suggesting some updates. Given the home's age (built in 1947), a thorough inspection is recommended to understand the state of major systems and the main floor.
2. Why is the assessed value so much lower than the city-wide average home price?
The assessed value here (approximately $31,800) is for municipal tax purposes and reflects a historical value. It should not be confused with current market value. The recent sold price history and market conditions are better indicators of its actual worth.
3. What can I do with such a large lot?
The lot is the property's most notable asset. It provides ample space for a large garden, play area, or future additions like a deck, shed, or even a home extension, subject to local zoning and permit approvals.
4. How does this home compare to others in Glenwood?
The home is smaller than the average Glenwood house (779 sqft vs. a 1,015 sqft area average). However, its lot size is significantly larger than most in the immediate area, offering a trade-off between indoor and outdoor space.
5. Where can I find the exact past sold prices?
Exact sold prices are not publicly displayed in detail here. As noted, you can request the precise history by emailing the listing service; they provide this data manually without using your email for unsolicited marketing.