Property Overview: 68 Fifth Avenue, Glenwood, Winnipeg
Key Characteristics & Appeal
This 2017-built bi-level home offers a compelling mix of modern convenience and established neighbourhood living. With 1,103 sqft of living space, its size is comfortably average for the area, but its true standout features are its newness and above-average assessed value. Built just nine years ago, it is newer than 95% of homes citywide, suggesting modern building standards, systems, and less immediate maintenance. The renovated basement adds functional living space. The detached garage provides flexibility, though the lot size is relatively compact compared to area averages.
The appeal lies in this balance: you get a contemporary, low-maintenance home within the mature, tree-lined Glenwood community. It suits first-time buyers or downsizers seeking a modern property without a "brand-new subdivision" feel, and practical buyers who value updated mechanics (like a recent build and renovated basement) over a large yard. It’s a home that offers more "move-in-ready" confidence than many older character homes, but within a settled urban fabric.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home is assessed at $460k, which ranks above average for the street, neighbourhood, and city. It last sold in September 2020 for an estimated range of $405k-$435k. The current assessed value likely reflects market growth since that last sale.
2. What are the implications of the smaller lot size?
At 3,074 sqft, the lot is below average for the area. This typically means lower yard maintenance, which can be a plus for busy professionals or those not seeking extensive gardening space. However, it may limit options for future expansions like large decks or additions.
3. As a 2017 build, what does that mean for major systems?
A nine-year-old home is past its initial builder warranty period but is still relatively young. Major components like the roof, furnace, windows, and appliances are likely still in good condition with several years of service life remaining, offering a period of predictable operating costs.
4. Who might the renovated basement suit?
A renovated basement adds valuable flexible space. It could serve as a family room, a home office, a separate area for teens, or a guest suite. This significantly enhances the livable square footage of the home beyond the main-level footprint.
5. What is the neighbourhood context of Glenwood?
Glenwood is a established, central Winnipeg neighbourhood. The home's metrics show it sits on a street with a mix of older and newer homes (average year built on the street is 1946). This suggests a streetscape with mature trees and character, where this property stands out as one of the most modern.