Property Summary: 54 Humboldt Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Glenwood presents a practical opportunity with a distinct character. Built in 1949, it’s notably older than many city homes, yet it sits on a solid, average-sized lot for the area. The living space of 900 sqft is comfortably in line with the neighbourhood norm, making it a manageable size. A key updated feature is the renovated basement, adding functional living space. The home includes a detached garage.
Its primary appeal lies in its position as a value-conscious entry into the Winnipeg market. The assessed value is significantly below averages for the street, neighbourhood, and city, which can translate to lower property taxes and an accessible price point. This isn’t a sprawling modern home, but a grounded, classic property. It would suit first-time buyers seeking a foothold in a established neighbourhood, or practical investors looking for a character home with a renovated basement for potential rental income. The data suggests you’re paying for the essentials and the location, not for excess square footage or a premium assessment.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessment is based on many factors including age, size, features, and recent sales of comparable homes. This home’s older age, modest square footage, and specific market dynamics in its immediate area result in an assessment that is below the broader city average, which includes many newer and larger properties.
2. What does "one & 1/2 storey" mean for the layout?
Typically, this style features main living areas on the ground floor, with a second floor under sloping roof lines that may contain bedrooms or additional space. It offers more character and potentially more room than a true bungalow, but with a different layout than a full two-storey home.
3. How does the sold price history work?
The listed sold price is an estimated range based on publicly available data. To obtain the exact historical sale price, you can request it via email from the site. This manual process ensures accuracy and privacy.
4. Is the lot size typical for the area?
Yes. At just under 4,740 sqft, the land area is very close to the average for both Humboldt Avenue and the wider Glenwood neighbourhood, offering a standard urban yard size.
5. The home is older—what should I consider?
While the basement has been renovated, a 1949 home will have its original charm and may also have older major systems (like plumbing, electrical, or the roof). A thorough inspection is essential to understand the condition and any potential future investments needed, beyond the visible updates.