Property Overview: 61 Egerton Road, Glenwood, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1911, presents a classic character property with practical considerations. Its key appeal lies in its position as a solid, no-frills entry point into the Glenwood neighbourhood. With 1,168 sqft of living space and a 5,415 sqft lot, it offers a comfortable footprint. The home's assessed value is notably above average for Glenwood, suggesting it may be in better condition or have more desirable attributes than many area homes, yet it remains below the average value for its specific street. This creates a unique dynamic: you're acquiring a property that stands out positively within a broader, established community.
The home suits practical buyers who value space and location over modern finishes. It’s ideal for a first-time buyer comfortable with a home that has an unrenovated basement and likely requires some updates, or an investor looking for a character property with a large, detached garage. A less obvious perspective is its potential for those interested in "gentle density." The generous lot size for the area could allow for future additions or landscaping projects that wouldn't be possible on a standard city lot, offering long-term flexibility.
Section 2: Frequently Asked Questions
1. How does the home’s age impact its value and condition?
Built in 1911, it is among the older homes on the street and in the city. This typically means character details are possible, but prospective buyers should budget for and investigate the condition of major aging components like the roof, plumbing, and wiring.
2. The assessed value seems high for the street but low city-wide. What does this mean?
The assessment is above the Glenwood average, which can indicate the property is in relatively good shape for the neighbourhood. However, being below the average for Egerton Road itself suggests that other homes on the street may be larger, more updated, or on larger lots. It positions this home as a more affordable option on a potentially desirable block.
3. What is the significance of the lot size?
At over 5,400 sqft, the lot is larger than the typical Glenwood property. This is a key advantage, offering more outdoor space, better potential for gardening, parking, or future expansion than many neighbouring homes.
4. What can the recent sale history tell me?
The home sold in early 2022 for an estimated range of $36.5k to $39.5k. Comparing this to the current assessed value of $33.5k provides a recent market benchmark, but it's essential to request the exact sale price and understand what, if any, changes have occurred since that sale.
5. Who would this property not suit?
It may not be the best fit for buyers seeking a modern, move-in-ready home with updated amenities, given the unrenovated basement and the age of the property. It also may not appeal to those prioritizing the absolute lowest purchase price in the area, as its assessment is above the neighbourhood median.