Property Overview
This 912 sqft one-storey home on a 6,118 sqft lot in Glenwood presents a practical and value-oriented opportunity. Built in 1929, its key appeal lies in its proportionally large lot and a recently renovated basement, offering potential for expansion or outdoor space. The detached garage adds functional storage or workshop space. The home’s assessed value ranks above average for both its street and neighbourhood, suggesting it is viewed as a solid asset within its immediate context, even while its living area is modest by wider city standards. It would suit first-time buyers seeking an entry point into the market with room to grow, or practical investors looking for a character home with a strong lot size in a stable neighbourhood. Its appeal is grounded in utility and potential rather than luxury finishes.
Key Details & FAQs
- Key Characteristics: 1-storey, built 1929, 912 sqft living area, 6,118 sqft lot, renovated basement, detached garage, no pool.
- Neighbourhood Context: In Glenwood, this property’s lot size is notably larger than most (top 8% in the area), while its living space and age are fairly typical for the neighbourhood.
- Recent History: Sold in January 2022 for an estimated $33.5k - $36.5k, closely aligning with its current assessed value of $33.30k.
Frequently Asked Questions
1. Is the house small compared to others?
Yes, the living space is modest. At 912 sqft, it is around the average for Glenwood but below the average for Winnipeg overall. The trade-off is a much larger-than-average lot for the area.
2. What does the "above average" assessed value mean?
It means the municipal property assessment is higher than most similar homes on its street and in Glenwood. This often reflects factors like lot size, condition, or improvements (like the renovated basement), but it can also influence property taxes.
3. Who would this house be best for?
It's well-suited for a first-time buyer or someone looking to downsize into a manageable, single-level home who values a large yard or garden space over a large interior. The renovated basement also adds flexible living or storage space.
4. How does the large lot size benefit a buyer?
Beyond gardening or recreation, a large lot in an older neighbourhood like Glenwood can offer long-term potential. It provides space for additions, a detached studio, or simply a greater sense of privacy—a feature that is increasingly rare.
5. The home is almost 100 years old. What should I consider?
While the basement has been renovated, the core structure is from 1929. A thorough inspection is essential to understand the condition of major aged components like the foundation, plumbing, electrical systems, and the roof, which may need attention or updating.