Property Overview
This two-storey home at 38 Fifth Avenue in Winnipeg's Glenwood neighbourhood presents a modern, low-maintenance living option within a well-established area. Built in 2018, it is a notably newer construction compared to most homes in its immediate vicinity and across the city. With 1,472 sqft of living space and a renovated basement, it offers above-average roominess for the local area. The property stands out for its modern systems and likely minimal immediate repair needs, but sits on a smaller, city-style lot.
Key Characteristics & Appeal
The primary appeal of this home lies in its contemporary age and efficient use of space. It ranks in the top 10-15% of its neighbourhood for living area, assessed value, and year built, meaning you get a newer, well-sized home without the premium of a brand-new custom build. Its above-average assessment suggests solid finishes and condition. The renovated basement adds functional living space. The smaller lot (3,073 sqft) translates to less yard upkeep—a benefit for those seeking a more lock-and-leave lifestyle or who prefer to spend less time on maintenance.
This property would suit first-time buyers or downsizers looking for a modern, move-in-ready home in a mature neighbourhood without the quirks and renovation projects of an older house. It’s also a practical choice for investors or professionals wanting a newer asset with potentially lower maintenance costs.
Frequently Asked Questions
1. Why is the land area smaller than average?
This is typical of newer infill developments in established neighbourhoods. The lot size reflects efficient, modern subdivision and prioritizes the living space of the home itself over a large yard, aligning with a lower-maintenance lifestyle.
2. How does the assessed value compare to the last sold price?
The current assessed value is $45.40k. Public data shows it last sold in August 2021 for an estimated range of $44.50k to $47.50k, indicating the assessment is in line with its recent market transaction.
3. What does the "above average" ranking for year built really mean?
Most homes in Glenwood and on Fifth Avenue were built in the mid-20th century (averaging around 1946-1952). Built in 2018, this home is among the newest 9% in the area, suggesting advantages like modern building codes, energy efficiency, and newer major components (roof, HVAC, etc.).
4. Are there any obvious trade-offs for getting a newer home here?
The main trade-off is outdoor space. You are getting a modern home on a compact lot. If a large, private yard is a priority, this may not be the best fit. However, this is often the compromise for newer construction in a long-established neighbourhood.
5. What are comparable nearby properties?
The listing references 22 Morier Avenue (built 2022, similar size and value) as "worth viewing" for a direct comparison. Other nearby homes on Fifth Avenue are much older, highlighting this property's uniqueness on its own street.