61 Imperial Avenue

Property Summary: 61 Imperial Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1942, situated on a notably generous lot in the Glenwood neighborhood. Its primary appeal lies in the combination of a renovated basement and a land size that is well above average for both its immediate street and the local area. With a living area of 624 sq ft, the house itself is modest, ranking below average in size compared to nearby homes. However, its assessed value is around average for the street, suggesting the lot and renovations contribute positively to its valuation.

This property would best suit a specific type of buyer: a first-time homeowner, downsizer, or investor looking for a manageable footprint with a low-maintenance interior but who values outdoor space for gardening, expansion, or simply having room to breathe. It’s a practical choice for someone prioritizing land over square footage, offering a "blank canvas" potential in a mature neighborhood. A less obvious perspective is that its smaller interior size and renovated basement could translate to lower utility costs and a simpler lifestyle, which is an increasing priority for some.

Section 2: Frequently Asked Questions

1. Is the house too small?
At 624 sq ft of living area, it is compact. It's significantly smaller than the average home on its street (~999 sq ft) and in Winnipeg overall. This suits minimalist living or could serve as a starter home, but may feel cramped for a growing family.

2. What is the real value given the low assessment?
The assessed value of $26,800 is around average for Imperial Avenue. It reflects the older, smaller home but also factors in the renovated basement and the valuable, larger-than-average lot. The last known sale was in the $32.5k-$35.5k range in 2022.

3. What does "renovated basement" mean?
The listing confirms the basement has been renovated, but the specific scope, quality, and permits are not detailed. A professional inspection is recommended to understand the finish, moisture control, and whether it adds legal living space.

4. How does the large lot benefit me?
The 5,103 sq ft lot is in the top 9% on Imperial Avenue. This provides ample yard space, potential for additions (subject to zoning), gardening, or future detached structures like a garage or shed, which is a rarity for homes of this vintage and price point.

5. What are the comparable homes nearby?
The listing provides examples of nearby homes with similar assessed values, such as those on Eldridge Avenue or Princeton Boulevard. For size and lot comparisons on the same street, you can look at the data for neighboring properties like 57 or 65 Imperial Avenue.