Property Overview
This two-storey home at 54 Bank Avenue in Winnipeg's Glenwood neighborhood stands out for its modern build and generous living space relative to its surroundings. Built in 2018, it is a notably newer construction compared to most homes on its street and in the wider city. With 1,592 sqft of living area, it offers significantly more interior space than the typical Glenwood home, placing it in the top tier of the local market. The basement has been renovated, adding to its functional space. It's important to note that the property sits on a smaller lot (2,498 sqft), which is common for newer infill developments and translates to less yard maintenance. There is no garage or pool.
Its appeal lies in its modern condition, spacious interior, and desirable location within Glenwood. It suits buyers looking for a move-in-ready, contemporary home without the concerns or update costs of an older property. It would particularly appeal to professionals or small families who prioritize interior square footage and modern amenities over a large private yard. The high assessed value reflects its premium position in the area.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the land area is below average, this is characteristic of newer infill homes. It means lower maintenance and less time spent on yard work, which can be a positive for many modern buyers. However, it may limit options for large-scale landscaping, additions, or outdoor recreation space.
2. Why is the assessed value so much higher than neighboring properties?
The assessed value of $54.20k is in the top 5-6% for Glenwood, reflecting the home's new construction (2018), above-average living area, and renovated basement. It is assessed based on its modern features and condition, not just the land value.
3. What does "Elite" or "Top 1%" mean for the living area ranking?
This statistic indicates that this home has more living space than 99% of the 84 comparable properties on Bank Avenue. In the broader Glenwood area, it has more space than 95% of homes. This is a key differentiator, offering roominess uncommon for the neighborhood.
4. Is there any parking or storage since there's no garage?
The listing does not specify alternative parking arrangements such as a driveway or permit street parking. This is a crucial point to clarify with the seller or agent, as the lack of a garage affects vehicle storage and potentially general storage needs.
5. How can I find out the exact historical sale price?
The exact sold price from November 2021 is not publicly displayed in detail. The listing service offers to provide this precise figure via email upon request, stating they aim to reply manually by the end of the same day.