Property Overview: 57 Egerton Road, Glenwood, Winnipeg
Key Characteristics & Appeal
This two-storey home in Glenwood presents a compelling mix of classic charm and above-average space. Its primary appeal lies in its generous 2,526 sqft living area, which ranks within the top 4% of homes on its street and the top 1% within the Glenwood neighbourhood. This makes it a standout for buyers seeking significant interior room without a modern suburban footprint. The property sits on a 5,666 sqft lot, which is above average for Glenwood, offering good outdoor space. It features an attached garage and a basement that is noted as unrenovated.
The home’s assessed value is notably above average for the area, suggesting it is viewed as a substantial asset. However, it was built in 1912, meaning it is significantly older than most area homes and likely requires a buyer comfortable with the character and potential upkeep of a century-old structure. This property would best suit a buyer who prioritizes spacious interiors and a large lot in a well-established neighbourhood, and who is either prepared for a project or values the authentic details of an older home. Its appeal is less about modern finishes and more about the rare scale and potential it offers within its locale.
Frequently Asked Questions
1. What does the "Elite" ranking for living area actually mean?
It means the home's interior square footage is larger than 96-99% of comparable homes in Glenwood. You are getting significantly more living space than is typical for the neighbourhood.
2. The home is very old. Should I be concerned?
The 1912 build date means systems (like plumbing, electrical, and the foundation) require thorough inspection. While it offers character, budget for potential updates and maintenance that newer homes may not need. Its age is a key factor in its below-average ranking in that category.
3. The assessed value seems high for an older home. Why?
The assessed value reflects the property's overall worth to the municipality, considering its large lot and, especially, its exceptionally large living area for the location. It indicates the property has substantial underlying value, even if the building itself is dated.
4. The basement is noted as "not renovated." What should I expect?
This typically means the basement is in original or functional condition, not modernized. It offers usable space but will likely lack finished walls, ceilings, or contemporary flooring. It represents potential for future expansion or customization.
5. How does the sold price history help me?
The listed sold price range from late 2023 provides a recent benchmark for what the market paid. It is crucial for understanding current value, but remember that condition, specific updates, and market shifts since that sale will affect today's price.