Property Overview: 62 Essex Avenue, Glenwood, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1940, situated on a standard-sized lot in the Glenwood neighbourhood. Its key characteristic is its modest 658 sqft living area, which is notably smaller than average for both the street and the wider city. However, it features a renovated basement, adding functional space. The home’s assessed value is positioned around the average for Essex Avenue itself, suggesting it is priced in line with its immediate locale.
The appeal lies in its potential as an efficient, lower-maintenance entry point into homeownership. It suits first-time buyers, downsizers, or investors seeking a straightforward property in an established neighbourhood. A thoughtful perspective is that while the home is small by broader metrics, its value is relatively strong on its specific street—indicating the appeal of the exact location. The renovated basement is a crucial asset, effectively offsetting the smaller main-floor footprint and adding versatility.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 658 sqft, the living area is below the average for Glenwood and Winnipeg overall. However, it is more comparable to other homes on Essex Avenue itself, where it ranks in the top half for assessed value.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or listing agent to understand the full usable space.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value is for municipal tax purposes and is often different from market value. Notably, the last recorded sale was in late 2019 for a significantly lower price, so the current market value would be influenced by conditions since then.
4. What is the parking situation without a garage?
The property has no garage. Buyers should investigate on-street parking regulations or the potential to create a parking pad on the 3,845 sqft lot.
5. Are there any notable features about the lot or location?
The lot size is fairly typical for the area. Its position on Essex Avenue seems desirable relative to the street's property values. Proximity to nearby amenities and the specific character of this section of Glenwood would be important to explore in person.