Property Overview: 29 Ellesmere Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic, one-storey home in Winnipeg's Glenwood neighborhood, built in 1922. Its key characteristic is a generous, above-average land area of over 5,100 sqft for its street and local area, offering valuable outdoor space and potential. The 820 sqft living area is typical for similar homes in Glenwood. It features a detached garage and an unrenovated basement, presenting a straightforward canvas. The home’s appeal lies in its established neighborhood setting and the lot size, which is a relative standout. It suits a practical buyer looking for a solid starter home or a long-term holder who values space over a modern footprint. It’s also a fit for those comfortable with a home of vintage character, seeing the unrenovated spaces not as a drawback, but as an opportunity to tailor updates to their own taste and timeline without paying a premium for already-completed work.
Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value is a municipal figure for tax purposes and is typically lower than market value. The last recorded sale in 2022 provides a more current benchmark, but a professional appraisal or market analysis is needed for today's value.
2. What are the implications of the "unrenovated basement"?
This generally means the basement is in original or functional condition, but not modernized. It offers usable space for storage or utilities, but any finished living area or significant upgrades would be a future project for the buyer.
3. Is the older year of construction (1922) a concern?
While the home is well-established, its age means prospective buyers should prioritize a thorough inspection. This can verify the condition of foundational elements, plumbing, electrical systems, and the roof, which are typical focus points for homes of this era.
4. What does the lot size mean for me?
The larger-than-average lot for the area is a significant asset. It provides more private outdoor space, room for gardening, potential for additions (subject to zoning), and generally contributes to the property's long-term value.
5. Who are the comparable "nearby properties" listed?
These are nearby addresses provided for geographical context. The "similar assessed value" properties are from across Winnipeg and are grouped solely because they share an identical municipal assessment, not because they are similar in style, area, or condition. They are not direct market comparisons for this specific home.