Property Overview: 67 Ellesmere Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Glenwood neighbourhood, built in 1912. With 684 square feet of living space and an unrenovated basement, it presents as a straightforward, no-frills property. The lot size of 2,563 sqft is modest for the area but provides essential outdoor space.
The primary appeal lies in its position as an accessible entry point into the market. Its assessed value is notably low compared to city-wide averages, suggesting a lower barrier to entry for price-sensitive buyers. This isn't a move-in-ready showcase home; its value is in the foundation it provides. It would suit a pragmatic first-time buyer comfortable with a project, an investor looking for a rental property with basic fundamentals, or someone seeking to minimize their property tax burden. The home's age and condition mean its potential is tied to the vision and investment of its next owner, offering a blank canvas of sorts in an established area.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's age, smaller size, and condition relative to the broader market. It is characteristic of older, compact homes that haven't undergone significant modern renovations.
2. What does "below average" in the rankings mean for a buyer?
For key metrics like living area and year built, this home ranks in the bottom tiers compared to its immediate street, neighbourhood, and city. This statistically confirms it is a smaller, older property, which is directly reflected in its pricing.
3. Is the unrenovated basement a major concern?
It indicates that the basement is in original or functional condition, not modernized. Buyers should budget for potential updates and include a thorough inspection to assess its state, moisture control, and suitability for their needs.
4. How reliable are the sold price ranges shown?
The ranges are based on available public data. For precise historical sale figures, you must request the exact data via the provided email service, as the listing agent verifies and supplies those details manually.
5. Who would this property not be suitable for?
It would likely not suit buyers seeking a modern, low-maintenance home, those who need significant space, or anyone unwilling to take on potential renovation projects over time.