Property Overview: 240 Egerton Road, Glenwood, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1953, offering 984 sqft of living space with a renovated basement and a detached garage. Its standout feature is the land: at 6,601 sqft, the lot size is in the top 5% for the Glenwood neighborhood, providing a generous and rare amount of outdoor space for the area. While the house itself is modest in size compared to others on its street, its assessed value ranks above average within Glenwood, suggesting the property is well-regarded in its immediate market.
The appeal lies in a balance of a manageable, updated living space and a premium-sized lot. It suits a first-time homebuyer, downsizer, or an investor looking for a solid entry into a stable neighborhood. The large lot offers clear potential for gardening, expansion, or simply enjoying more private outdoor space than is typical. It’s a property where the land may hold more long-term value and utility than the structure itself, appealing to those who see potential beyond the current square footage.
Frequently Asked Questions
1. Is the house too small compared to others on the street?
The living area is below the street average, making it one of the more compact homes on Egerton Road. This contributes to its accessibility but means space is efficiently used.
2. What does the "Elite" ranking for land area in Glenwood mean?
It means this property's lot size is larger than approximately 95% of comparable properties in the Glenwood neighborhood, a significant advantage for privacy, recreation, or future projects.
3. How does the assessed value compare?
The assessed value is above average for Glenwood but around average for the street and city. This indicates the property is likely valued favorably within its most relevant local context.
4. Has the property value appreciated?
Based on the last sold price range in 2016 ($26.5k - $29.5k) and the current assessed value of $36.5k, the property has shown an increase in value over that period.
5. What is the condition of the major systems, given the home's age?
The listing notes a renovated basement, but specifics on the roof, wiring, plumbing, and heating for this 73-year-old home would require a professional inspection.