Property Overview: 75 Humboldt Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Glenwood neighborhood, built in 1949. With 745 square feet of living space, it is smaller than most area homes, placing it in the top 82% for size on its own street—meaning about 82% of nearby houses are larger. Its assessed value is similarly positioned below local averages. The key updated feature is a renovated basement, which adds functional space. The lot is a standard city size at just over 4,500 square feet, and the property does not include a garage or pool.
The primary appeal lies in its entry-level positioning and efficient footprint. It represents a practical opportunity to enter the market in a stable neighborhood, with the renovation work in the basement already addressed. The smaller size translates to lower maintenance and utility costs. This home would suit first-time buyers, downsizers looking to simplify, or investors seeking a straightforward rental property. A thoughtful perspective is that while the house itself is modest, it sits on a lot that is consistent with the area, preserving future potential. Its older build date compared to immediate neighbors might suggest a well-established streetscape.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal, separate suite. Buyers should verify its compliance with local zoning and building codes for rental or extended family use.
2. How does the below-average size and value affect resale?
While it may appeal to a specific buyer segment for its affordability, the smaller size relative to the area could influence future resale value and buyer pool compared to larger homes on the same street.
3. What are the implications of not having a garage?
Parking will be limited to driveway or street. This is a common trade-off for affordability in older neighborhoods and should be factored into planning for vehicle storage and winter conditions.
4. The assessed value seems very low compared to the city-wide average listed. Why?
The city-wide average assessed value shown (~$390k) appears to be an outlier or error in the data. A more relevant comparison is the local Glenwood average of approximately $32k, against which this property is assessed at $26.8k.
5. Given the age of the home, what major systems might need attention?
Built in 1949, crucial components like the roof, plumbing, electrical wiring, and foundation should be carefully inspected to understand their condition and any upcoming capital costs.