Property Overview: 72 Fifth Avenue, Glenwood, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Glenwood is defined by its generous, above-average lot size of over 6,100 sqft—a standout feature that ranks it in the top 7% of the neighbourhood. While the 852 sqft living area is modest, the property has been updated with a renovated basement. It features a detached garage and was built in 1954, making it newer than many homes on its street and in Glenwood overall.
The primary appeal lies in its land value and potential. The large lot offers significant outdoor space, room for expansion, or gardening, which is increasingly rare. Its assessed value is strong for the immediate area, suggesting a solid foundation of value. This property would suit a first-time buyer or downsizer looking for a manageable, single-level layout with the bonus of a renovated basement for extra space. It’s also a sensible fit for a value-oriented buyer or investor who sees potential in the land itself, whether for long-term enjoyment or future improvement.
Section 2: Frequently Asked Questions
1. Is the house small for the neighbourhood?
Yes, the living area is below the average for Fifth Avenue and Winnipeg overall. However, this is balanced by the lot size, which is significantly larger than most in Glenwood.
2. What does the "above average" assessed value mean?
It means the municipal assessment for this home is higher than most comparable homes on its street and in Glenwood. This can indicate a higher perceived value by the assessor, often influenced by the large lot and renovations, but it's not a direct market price.
3. Who might this property not suit?
Buyers seeking a large, modern interior or a brand-new home may find the living space too compact. It may also not fit someone wanting a turn-key property with a garage attached to the house.
4. The home sold in late 2020. Is the price history relevant?
The past sale price provides a historical benchmark, but market conditions have likely changed. The detailed assessment and lot metrics are more current indicators of its standing relative to other properties.
5. How useful is the "newer than average" build year?
Built in 1954, it is newer than many nearby homes, which often date to the late 1940s. This can suggest potentially fewer issues related to very old infrastructure, though a thorough inspection is always recommended.