Property Overview: 50 Vivian Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic two-storey home in Winnipeg's Glenwood neighbourhood, built in 1914. With 1,064 sqft of living space, it sits around the average size for its immediate area but on a smaller, 2,501 sqft lot. The home features a detached garage and a basement that is noted as being unrenovated. Its standout characteristic is its assessed value, which is consistently below average for Vivian Avenue, Glenwood, and the city overall. This creates a distinct value proposition.
The appeal lies in its position as a potentially more accessible entry point into a stable neighbourhood. It suits a pragmatic first-time buyer or an investor looking for a character home with a clear value gap. The lower assessment suggests room for modernization, appealing to those with a vision for gradual improvements. It’s not a sprawling new build, but a straightforward property where the investment is primarily in the structure and location, not in paying a premium for land size or recent renovations.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is a municipal valuation for tax purposes, influenced by factors like the home's age, condition, and specific features. The notably lower assessment here, compared to similar-sized homes on the same street, likely reflects the unrenovated basement and the property's overall condition relative to peers.
2. What does "basement, not renovated" typically imply?
This usually indicates the basement is in original or functional condition, but not modernized. It may be suited for laundry and storage, but not presented as finished living space. Buyers should budget for potential updates to meet contemporary standards.
3. How does the smaller lot size affect the property?
The lot is below average for the area, which may limit expansive backyard potential but also reduces exterior maintenance. It’s a practical fit for those prioritizing house over yard or seeking a more manageable outdoor space.
4. The home is over a century old. What should I consider?
A 1914 build offers character but requires diligent inspection. Key focus areas should include the foundation, roof, plumbing, electrical systems, and insulation to understand the scope of any needed updates or repairs.
5. The sold price history shows a range. How can I get the exact figure?
The listing service provides estimated sold price ranges from public data. You can request the exact historical sale prices by emailing them directly, a process they complete manually without using your email for marketing.