Property Overview
This one-storey home on a generous lot in Glenwood presents a classic Winnipeg character property with practical updates. Its key appeal lies in the combination of a renovated basement, a detached garage, and a land size that ranks well above average for both the street and the city. Built in 1922, the home offers a modest 782 sqft of living space, positioning it as a cozy, manageable footprint. The consistent increase in assessed value over recent years suggests a well-maintained asset in a stable neighbourhood.
It would particularly suit first-time buyers looking for a character home with some modern essentials already addressed, or downsizers seeking a single-level layout with a low-maintenance yard and garage. The above-average land area also offers latent potential for future expansion or gardening, appealing to those with a long-term view.
Frequently Asked Questions
1. How does the renovated basement add value?
A finished basement in a home of this era and size effectively doubles the usable living area, providing crucial space for a family room, home office, or guests. It’s a key update that adds immediate functionality without the need for a major project.
2. Is the property tax likely to be high given the assessed value?
While the assessed value has risen steadily, it remains in a competitive range for Winnipeg. When compared to nearby properties on the street and in Glenwood, it sits in the top 25-30%, suggesting taxes are proportionate for a solid, mid-range home in the area rather than being unusually high.
3. What are the less obvious benefits of a detached garage?
Beyond vehicle storage, a detached garage offers valuable separation for hobbies, workshops, or storage, reducing household clutter. It can also provide more flexible yard layout options and potential for future lane-way access considerations.
4. The living area is modest. How does the lot size compensate?
At 3,277 sqft, the lot is in the top 16% for size in Winnipeg. This provides excellent outdoor space for recreation and gardening, and it offers a significant buffer from neighbours. More importantly, it represents future potential, whether for a large addition, a deck, or simply preserving a sense of space rarely found in newer infill developments.
5. The home is over 100 years old. What should I be most concerned about?
While the renovated basement is a positive, the core systems of a century home—like the roof, foundation, plumbing, and electrical—should be the focus of a thorough inspection. The good ranking for its age on the street (top 10%) suggests it has been cared for, but understanding the condition and age of these major components is essential.