Property Overview: 51 Guay Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Glenwood is a practical entry-point into the Winnipeg market. Built in 1917, it offers 949 sqft of living space and sits on a 2,585 sqft lot. The home has a basement, but it is not renovated, and there is no garage or pool.
Its primary appeal lies in its affordability and location. The assessed value is notably below averages for the street, neighbourhood, and city, suggesting a lower property tax burden and an accessible price point. While the living area is modest, it is reasonably sized for the immediate area. The lot, though smaller than many in the wider city, is average for Guay Avenue itself.
This property would best suit a first-time buyer, an investor, or a hands-on individual looking for a straightforward, no-frills home. It’s a candidate for those who prioritize getting into the market over move-in-ready perfection, and who are comfortable with a home that has a functional, unrenovated basement. The data indicates you are paying primarily for the land and location within Glenwood, with the house itself representing a value-oriented project.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on the property's specific attributes—including its age, size, condition, and lack of renovations—compared to market trends. A significantly lower assessment often correlates with a lower purchase price and, importantly, lower annual property taxes.
2. What does "below average" for Year Built mean for me?
While the home is older than most in Winnipeg, it's not an outlier on its own street. This typically means potential for character but also a greater need for diligent inspection regarding foundational, electrical, and plumbing systems common to its era.
3. Is the smaller lot size a disadvantage?
It depends on your priorities. The lot is manageable with less maintenance, but offers limited space for expansions, large decks, or extensive landscaping. For the neighbourhood, it's a typical footprint, preserving the community feel.
4. The sold price history shows a range. What does that indicate?
The listed range from its last sale (2020) is based on public data estimates. Requesting the exact price from the site provides a concrete benchmark for how much the market has moved since then, which is crucial for understanding current value.
5. Who might this property not be suitable for?
It may not suit buyers seeking a turn-key home, those who require ample storage (note the lack of garage), or families needing significant room to grow indoors. The unrenovated basement also means any finished living or storage space would be a future project.