Property Overview: 22 Fifth Avenue, Glenwood, Winnipeg
Section 1: Key Characteristics & Appeal
This 2018-built bi-level home offers a modern alternative in the established Glenwood neighbourhood. Its primary appeal lies in its contemporary construction, requiring less immediate maintenance than many older area homes. With 928 sqft of living space, it is a comfortably sized, efficient home that ranks as average for the immediate street and neighbourhood, but is notably newer than most properties citywide.
The home suits first-time buyers or downsizers seeking a low-maintenance, move-in-ready property without the premium of a brand-new build. Its below-average land area (3,074 sqft) translates to less yard upkeep—a potential benefit for those prioritizing simplicity. The recent sale in late 2024 suggests a stable, current market value. A thoughtful perspective is that this property represents a balance: you gain modern systems and finishes, but within a more modest footprint typical of infill development, making it a practical choice over a larger, older home that may need significant updates.
Section 2: Frequently Asked Questions
1. What does "bi-level" mean for this home?
A bi-level design typically features a main living area entered from a ground-level foyer, with stairs leading both up to bedrooms and down to a lower-level family room or additional space. The listing notes a basement exists but is not renovated.
2. How does the assessed value relate to the recent sale price?
The assessed value is $33.20k, used for municipal tax purposes. The home sold for between $37.50k and $40.50k in September 2024, indicating its market value was higher at that time, which is common.
3. What are the pros and cons of the lot size?
The lot is smaller than average for the street, neighbourhood, and city. This means less outdoor maintenance and gardening, which is a plus for some. However, it also means less private outdoor space for recreation or expansion.
4. The home is newer, but how does it compare to nearby properties?
While the home itself is much newer (2018) than the neighbourhood average (homes often built in the mid-1900s), its living space and assessed value are very aligned with area norms. This suggests it integrates into the community's price range while offering a modern structure.
5. Is there garage or parking information?
The property details specify "Garage: None." Specifics on driveway or dedicated parking should be confirmed through a viewing or direct inquiry.