Property Overview: 58 Essex Avenue, Glenwood, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Essex Avenue is defined by its compact efficiency and renovated basement. With 592 square feet of living space, it is notably smaller than most homes in its immediate area, neighbourhood, and city-wide. The lot size of 2,563 sqft is also modest for the region. Built in 1922, the home is older than many comparable properties, but its renovated basement adds modern utility. A detached garage provides off-street parking and storage.
The primary appeal lies in its position as an accessible entry point into the Winnipeg market. Its below-average assessed value reflects its size and age, suggesting a potentially lower price barrier. This isn't a home for sprawling, but for simplifying. It would suit a first-time buyer, an investor looking for a manageable rental property, or someone seeking a minimalist, low-maintenance lifestyle without leaving the city. The renovated basement offers crucial flexible space, potentially for a home office, guest area, or additional storage, which helps offset the smaller main floor footprint. Its established Glenwood location provides neighbourhood character and convenience.
Section 2: Frequently Asked Questions
1. Is the living area really under 600 square feet?
Yes, at 592 sqft, the main living area is compact. This emphasizes efficient use of space and likely lower utility costs, but means the renovated basement is a key functional addition to the property's livability.
2. What does the "below average" assessed value indicate?
The assessed value is below averages for the street, neighbourhood, and city. This typically correlates with a more accessible purchase price, but it's directly related to the home's smaller size and older age. It's important to get a current market evaluation.
3. How significant is the 1922 build date?
As a 104-year-old home, it carries the charm and potential concerns of its era. While the basement has been renovated, buyers should prioritize a thorough inspection to understand the condition of core systems like plumbing, electrical, and the foundation.
4. What are the advantages of a smaller lot?
The 2,563 sqft lot requires less maintenance for landscaping, snow removal, and general upkeep, which can be a significant time and cost savings. It may also foster a closer sense of community with nearby neighbours.
5. Who might this property not suit?
It would be a challenging fit for a growing family needing multiple bedrooms, anyone who works extensively from home without utilizing the basement space, or buyers who prioritize ample natural light and open-concept layouts typical of newer builds.