Property Overview
41 Bank Avenue is a one-and-a-half storey home in Winnipeg's Glenwood neighborhood, built in 1924. It offers 1,152 sqft of living space, a renovated basement, and a detached garage. The property sits on a 2,763 sqft lot and has a current assessed value of $350,000.
Key Characteristics & Appeal
This home presents a compelling mix of character and practicality. Its primary appeal lies in offering above-average interior space and value for its immediate area, despite the lot size being more compact than neighboring properties. The renovated basement adds functional living space, a valuable asset in a home of this era.
It stands out on its street and within Glenwood, ranking in the top tiers for both living area and assessed value compared to local peers. This suggests it is a well-sized and well-regarded property in its specific micro-market. The trade-off is an older home on a smaller lot, which is reflected in its below-average rankings for year built and land area.
This property would suit a buyer looking for a character home in an established neighborhood who prioritizes interior space and updates (like the basement) over a large yard. It’s ideal for someone who values walkable, community-focused streets but doesn’t require extensive outdoor space. The data indicates it offers a premium experience within its own locale, making it a smart choice for a buyer focused on the Glenwood area specifically.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the lot is smaller than average for the area, this often translates to less yard maintenance. It may also mean the home occupies a larger portion of the lot, potentially offering a more substantial streetside presence.
2. The home is older than most on the street. Should I be concerned?
The 1924 build date means potential for character details but also requires a diligent inspection for aging components like the roof, wiring, and plumbing. Its above-average assessment suggests it has been maintained or updated in ways that offset its age in the market's eyes.
3. What does the "above average" ranking for value and size really mean?
It means that compared to other homes directly on Bank Avenue and in Glenwood, this property offers more interior space and is valued higher than most. This is a sign of its relative desirability within the immediate community.
4. The last sold price range shows $33.5k-$36.5k. Is that accurate?
No, that is clearly a data error or placeholder. The current assessed value is $350,000, which is a realistic benchmark. For exact historical sale prices, you must request the data directly from the source providing this information.
5. Who would this home not suit?
It would likely not suit buyers seeking a large, private yard, those who prefer a brand-new build without renovation projects, or families needing extensive outdoor play space. The compact lot is a defining feature.