Property Overview
25 Vivian Avenue is a compact, one-and-three-quarter storey home built in 1914, situated on a standard city lot in Winnipeg's Glenwood neighbourhood. Its key appeal lies in its position as an entry-point property with a very low financial barrier to entry, as evidenced by its exceptionally low assessed value. The home offers just over 1,000 square feet of living space, which is typical for the immediate street and area, but notably smaller than the Winnipeg average. The basement exists but is unrenovated, and the property has no garage or pool.
This home would suit a very specific buyer: an investor looking for a rental property with minimal upfront capital, a hands-on homeowner with the skills and desire to gradually renovate a historic structure, or someone seeking the absolute lowest-cost path to homeownership in the city. Its value is purely in the land and the structure's potential, not in move-in-ready condition or modern amenities. A thoughtful perspective is that this property represents a trade-off—significant savings on purchase price and property taxes must be balanced against inevitable renovation costs and the energy efficiency challenges of a 112-year-old home.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes?
The assessed value is based on the property's current state. The very low valuation reflects the home's age, smaller size relative to the city-wide average, and likely the need for significant updates throughout, positioning it as a fixer-upper.
2. What does "one & 3/4 storey" mean for the layout?
This style typically features a main floor and a second floor where the ceilings slope with the roofline, creating full-height rooms in the centre and potentially limited headspace near the walls. It often means cozy, character-filled bedrooms but less usable square footage than a full two-storey home.
3. Is the unrenovated basement finished or usable for storage?
The listing specifies it is "not renovated," which generally means it is in a rough, unfinished state (concrete floors, exposed beams/mechanicals). It may be suitable for basic storage or laundry, but not as living space without significant work.
4. How does the lack of a garage affect daily living?
Parking will be on-street. This is a common feature in older neighbourhoods but requires consideration for winter parking bans, vehicle security, and carrying groceries or items from your car to the house in all weather conditions.
5. The sold price history shows a range of $15.5k–$18.5k. Is that accurate?
The provided range is an estimate based on public data. For the exact sale price, you must request it directly from the source via the email link on the original listing page, as this information is not fully disclosed in public records.