Property Overview: 49 Bank Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Glenwood presents a solid, above-average offering for its immediate neighborhood. Built in 1947, its primary appeal lies in its generous proportions relative to nearby homes. With 1,172 sqft of living space, it ranks in the top 15% on its own street and the top 26% in Glenwood for size. It sits on a 5,015 sqft lot, which is also notably larger than most on Bank Avenue. A key feature is the renovated basement, adding functional living space, and the property includes a detached garage.
The home’s assessed value places it above average for both the street and the neighborhood, suggesting it is a well-regarded property in the area. It last sold in late 2021. This combination of a larger lot, renovated basement, and spacious interior for the area makes it a practical choice. It would suit buyers looking for a character home with room to breathe in an established neighborhood, particularly those who value more interior and exterior space than is typical for the block, without venturing into a full-scale project home.
A less obvious perspective is that its "above average" rankings on its street indicate it might be one of the more substantial and potentially quieter properties on the block, set back from the road. Its city-wide rankings, however, are around the median, offering a grounded view that its standout qualities are very much specific to its local context.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
It is notably larger than most homes on Bank Avenue and in the wider Glenwood area, ranking in the top 15% and 26% respectively for living area.
2. What is the significance of the lot size?
At over 5,000 sqft, the lot is larger than most on the street. This offers more outdoor space, potential for gardening, or room for additions like a shed or deck, compared to neighboring properties.
3. The home was built in 1947. What should I consider?
While the basement has been renovated, a home of this age will likely have original elements elsewhere. Prospective buyers should budget for ongoing maintenance and updates to older systems, which is typical for Winnipeg’s housing stock from this era.
4. The assessed value seems low compared to the city-wide average. Why?
The city-wide average assessed value includes all property types and newer neighborhoods. This home’s value is above average for its specific street and neighborhood, which is a more relevant comparison for understanding its place in the local market.
5. Where can I find the exact historical sale price?
The exact sold price is not publicly listed in the details. You can request it directly via the provided email form on the listing page; the service aims to provide the accurate figure manually by the end of the same day.