Property Overview: 6 Vivian Avenue, Glenwood, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home on Vivian Avenue presents a solid, above-average offering within its established Glenwood neighbourhood. Built in 1962, it features 1,140 sqft of living space and sits on a generous 4,993 sqft lot with a detached garage. The basement is noted as unrenovated. The home’s primary appeal lies in its strong positional value—its assessed value ranks in the top 11% on its own street and top 8% in Glenwood, suggesting it is viewed as a premium property within these immediate areas. This creates a compelling opportunity for a buyer to own a well-regarded asset, with the interior spaces offering a blank canvas for modernization.
It would suit a practical buyer who values a large lot and neighbourhood stability over a turn-key home. The unrenovated basement and overall condition imply it’s ideal for a hands-on homeowner looking to add value through updates, or an investor seeking a property with strong fundamentals in a mature area. The data suggests you are paying for the location and lot size here, with the house itself representing the project.
Section 2: Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
It indicates that, for property tax purposes, this home is valued significantly higher than most of its neighbours on Vivian Avenue and in Glenwood. This often reflects a combination of lot size, building size, and general desirability of the specific location.
2. Is the living space small for a two-storey home?
At 1,140 sqft, it is above average for Vivian Avenue and Glenwood, but close to the city-wide average. The layout across two floors likely provides good separation of living and sleeping areas, which can be efficient for families.
3. The home is 60+ years old. What should I consider?
While the structure is from 1962, major systems like roofing, plumbing, electrical, and windows may have been updated over time. A thorough inspection is crucial to understand the condition and timeline for any necessary upgrades or repairs.
4. How does the unrenovated basement affect value and use?
It represents both a cost and an opportunity. It will need investment to become finished living space, but it also allows a new owner to customize it to their needs without paying a premium for someone else’s finished work. Ensure you check for any moisture or foundation issues.
5. The lot is large for the area. What are the advantages?
The nearly 5,000 sqft lot is a standout feature, offering more private outdoor space, better potential for landscaping or gardening, and greater distance from neighbours than is typical in Glenwood. It also provides potential for future additions, subject to local bylaws.