Property Overview: 28 Bank Avenue, Winnipeg
Key Characteristics & Appeal
This is a modern, two-storey home built in 2022, offering a move-in-ready opportunity with a renovated basement. Its standout feature is its exceptional value and quality relative to its surroundings. With 1,568 sqft of living space, it ranks in the top 6% of homes in the Glenwood area for size, providing more room than most local comparables. The home’s assessed value is notably high, placing it in the top 2% of Glenwood and the top 1% on its own street, indicating a premium property in its micro-market. A detached garage adds practical convenience.
The appeal lies in acquiring a like-new construction without the wait, combined with the financial confidence of owning a home that is assessed significantly higher than its neighbors—a marker of both current investment and potential stability. It suits buyers looking for a modern, low-maintenance home in a mature neighborhood, particularly those who value above-average interior space and a strong assessed value over a larger yard, as the lot size is more compact than area averages.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighboring homes?
The assessment reflects the home's new construction (2022), its above-average finished living area, and the quality of its renovations. It's valued as a premium, modern property within an older, established neighborhood.
2. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the finishes or layout. This should be verified with a viewing or the listing agent to understand if it includes additional bedrooms, a living space, or a legal suite.
3. Is the lot size a concern?
At 3,747 sqft, the lot is smaller than the average for both the street and Glenwood. This may mean a smaller backyard but also less maintenance. It’s ideal for those prioritizing the home itself over extensive outdoor space.
4. How reliable are the sold price ranges shown?
The ranges are based on public data. For precise historical sale prices, you must request the information directly via the provided email service, as the vendor manually supplies the exact figures.
5. What is the neighborhood like?
Located in Glenwood, it's a mature area with a mix of older and newer homes. The property's elite rankings for value and year built suggest it is a modern standout, likely appealing to those seeking updated housing in an established community.