Property Overview: 24 Stranmillis Avenue
Section 1: Key Characteristics & Appeal
This bi-level home at 24 Stranmillis Avenue in Glenwood presents a practical and updated living space. Its key characteristics include 1,005 sqft of living area, a renovated basement, and a detached garage, all situated on a standard 3,832 sqft lot. Built in 1988, it is a notably newer construction compared to many homes in the immediate area and across Winnipeg.
The appeal lies in its position as a solid, modernized property within an established neighborhood. The renovated basement adds functional space, while the home’s assessed value ranks above average for both the street and Glenwood, suggesting it is a well-regarded asset in its local market. It suits first-time homebuyers or downsizers looking for a manageable, low-maintenance property without the concerns of an older structure. It also appeals to value-conscious buyers who prioritize a home that stands out positively against its immediate peers in terms of age and assessment, even if its size is more modest by city-wide standards.
Section 2: Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,005 sqft, the living area is very close to the average for both Stranmillis Avenue (993 sqft) and the broader Glenwood neighborhood (1,015 sqft). It offers a typical amount of space for the local area.
2. Why is the assessed value considered above average for the street?
With an assessed value of $36,400, this home ranks in the top 19% on its street. This is likely due to a combination of its newer build year (1988) and the renovated basement, which add value compared to the many older, unrenovated homes in the vicinity.
3. What does the sold price history indicate?
Public data shows it last sold between $33,500 and $36,500 in November 2021. This range aligns closely with its current assessed value, indicating stable market recognition.
4. Is the lot size a constraint?
The lot is 3,832 sqft, which is standard for the street and neighborhood. It provides adequate outdoor space for a garden or patio but is below the much larger city-wide average, which is typical for older, central neighborhoods like Glenwood.
5. Who might this property not suit?
Buyers seeking a very large yard or significantly above-average square footage for Winnipeg may find it limiting. It’s best suited for those whose lifestyle and comparison focus is on the local Glenwood community rather than city-wide averages.