Property Overview: 66 Carriere Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Glenwood is a practical and straightforward property built in 1949. Its key appeal lies in its balance of a generous, above-average lot size and a modest, efficiently sized living space that has been updated with a renovated basement. With 864 sqft of living area, the house itself is compact and manageable, while the 6,117 sqft lot offers valuable outdoor space that is larger than most in the neighbourhood and city-wide. This creates a notable value proposition: you're investing more in the land than in maintaining a large structure.
The home would suit first-time buyers, downsizers, or practical investors looking for a solid entry into the market without the burden of a massive renovation. Its assessed value is modest and in line with the local area, suggesting manageable property taxes. A thoughtful perspective is that this property represents a "blank canvas" opportunity. The renovated basement adds modern utility, but the main floor's smaller footprint and larger yard allow new owners to envision future expansions, gardens, or outdoor living spaces that capitalize on the land—a potential that is often scarce in more densely built areas.
Section 2: Frequently Asked Questions
1. How does this home compare to others in Glenwood?
The home is very typical for its immediate street and the Glenwood area in terms of age, size, and assessed value. Its standout feature is the land area, which is in the top 8% of the neighbourhood, meaning you get a larger lot than most nearby properties.
2. What is the significance of the assessed value being lower than the city-wide average?
The assessed value is based on municipal evaluation for tax purposes and is heavily influenced by the home's modest size and age. The significantly lower value compared to the city-wide average primarily reflects the home's characteristics, not necessarily its market price, and typically correlates with lower property taxes.
3. Has the property value increased since it was last sold?
The home sold in early 2019 for an estimated range of $24.5k to $27.5k. With a current assessed value of $29.9k, this indicates a stable or slightly increased municipal valuation over that period, though market conditions can vary.
4. What does "renovated basement" typically mean for a home of this age?
In a 1949 home, a renovated basement often means updated finishes, improved moisture control, and the conversion of space into liveable areas like a family room or additional bedroom. It's a significant functional upgrade that adds usable square footage.
5. Who would this property not be suitable for?
It may not suit buyers looking for a large, modern open-concept layout without significant renovation, or those who prefer a brand-new home with no maintenance considerations. The living space is below the city-wide average, so families needing substantial indoor room might find it cramped without planning to utilize the basement or expand.