Property Overview: 44 Bank Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-and-a-half storey home in Winnipeg's Glenwood neighborhood, built in 1945. With 962 sqft of living space and a recently renovated basement, it offers efficient, updated living on a near-standard 5,000 sqft lot. The home includes a detached garage.
Its primary appeal lies in its solid position within its immediate context. The data shows it consistently performs "around average" for its street and local area in key metrics like living space, assessed value, and lot size. This suggests a home that is comfortably in line with neighborhood norms, offering stability without standing out as exceptionally large or small. The renovated basement adds modern functionality to the classic layout.
This property would suit a first-time buyer or downsizer looking for an honest, manageable home in an established area. It’s for someone who values a sense of community consistency over a standout feature, and who appreciates the potential of a home that has already seen some updates, like the basement. The detached garage is a practical asset for storage or a vehicle.
Frequently Asked Questions
1. How does this home compare to others in Winnipeg?
City-wide, its living space and assessed value are below the Winnipeg average. This highlights that it is a more compact, modestly valued property compared to the broader market, which may translate to a more accessible price point.
2. What does the "around average" ranking for the street and area mean?
It means that for its direct neighbors and the Glenwood area, this home is typical in size, value, and lot dimensions. This can be reassuring, indicating it fits well within the community fabric and is unlikely to be over- or under-improved relative to nearby properties.
3. Is the assessed value the same as the market value?
No. The assessed value (listed as $29.70k) is for municipal tax purposes. The recent sold price ranges (e.g., $26.5k–$29.5k in 2020) are a better, though historical, indicator of market value. Current market conditions will determine the actual sale price.
4. What are the implications of the home's age?
Built in 1945, it is older than the city-wide average. While it offers classic character, a thoughtful inspection is advisable to understand the condition of major aging components, like the roof, plumbing, and wiring, even with a renovated basement.
5. How useful is the lot size?
At just under 5,000 sqft, the lot is very typical for the area. It provides adequate outdoor space for gardening or recreation without being high-maintenance. It’s a balanced size that matches the home's practical scale.