Property Overview: 57 Bank Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Glenwood is a practical and character-filled property built in 1923. Its key appeal lies in its balance of historic charm and modern updates, notably a renovated basement that adds functional living space. With 800 sqft of living area and a 3,761 sqft lot, it sits comfortably within the averages for its immediate street and neighborhood, offering a manageable scale for maintenance.
The home suits first-time buyers or downsizers seeking an established community without the premium of a new build. Its assessed value is notably below the city-wide average, presenting a relative value proposition within Winnipeg. A thoughtful perspective for buyers is the home’s established presence; a 103-year-old house in a neighborhood of similar vintage often comes with mature trees, settled foundations, and a well-defined sense of community that newer developments are still growing into. The detached garage adds flexibility for storage or projects. This is a home for someone who values practicality, character over sheer size, and a solid foothold in a long-standing neighborhood.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 800 sqft, the living area is slightly below the Glenwood neighborhood average but is quite typical for Bank Avenue itself. It represents a more compact, efficient footprint.
2. What does the assessed value indicate?
The assessed value is below both the neighborhood and city-wide averages. This can suggest a potentially lower property tax burden and may indicate an entry point into the area, though it often correlates with the home’s older age and modest size.
3. Is an older home like this a concern?
Built in 1923, it is among the older homes on the street. This brings character but means a thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the roof, which may have been updated over time.
4. How has the property’s value changed recently?
Based on available data, the sold price range in 2024 was higher than the 2020 sale, suggesting market appreciation. For the exact historical sold prices, you can request the details via email from the listing source.
5. What are the benefits of the lot size?
The lot is just under 3,800 sqft, which is slightly smaller than others on the street but still provides decent outdoor space for a garden or patio. It offers a balance between yard maintenance and usable private space.