Property Overview: 75 Dunraven Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Glenwood neighbourhood, built in 1949. With 735 sqft of living space, it is notably smaller than most city homes, placing it in the top 94% for size (meaning only 6% of city homes are smaller). This characteristic defines its core appeal: it's a manageable, low-maintenance property. The basement has been renovated, adding functional space. The lot is a standard city size at just under 5,000 sqft.
Its value lies in its practicality and location. The assessed value is modest and around average for its immediate street and neighbourhood, suggesting a relatively affordable entry point into the market. The home is older but is actually newer than many on its street and in Glenwood, which can be a positive for foundational integrity compared to peers.
This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, no-frills home. It appeals to those prioritizing location and lot value over square footage, and who are comfortable with a cozy living arrangement or see potential in the renovated basement for extra income or family space.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 735 sqft, the home is significantly smaller than the Winnipeg average. It requires efficient use of space and would feel cramped for a large family. However, the renovated basement provides crucial additional flexible space, making it viable for a couple, single occupant, or small family.
2. How does the assessed value compare?
The assessed value of $27,700 is average for Dunraven Avenue and Glenwood, but well below the citywide average. This indicates you're paying primarily for the location and land value within an established neighbourhood, rather than for the home's size or condition.
3. What does the "newer" year built mean for this street?
Built in 1949, this home is newer than most on its block. While still an older home, this can imply that major aging components (like wiring or plumbing) might be in slightly better condition than those in neighbouring houses built in the 1920s or 1930s.
4. What is the potential here?
The appeal is in its simplicity and the value of the lot. It's a candidate for living in as-is for a budget-conscious buyer, or could be a long-term hold for land value. The size makes extensive renovations or an addition a more proportional investment compared to a larger home.
5. Who are the typical buyers for a home like this?
Given its metrics, the most likely buyers are those making a strategic financial move rather than seeking a "forever home." This includes first-time buyers building equity, investors looking for a stable rental property, or estates selling a straightforward asset.