81 Imperial Avenue

Property Overview: 81 Imperial Avenue, Glenwood, Winnipeg

Section 1: Key Characteristics & Appeal

This property presents a distinct profile defined by its significant land size and very low municipal assessment. The lot is notably large for the area at 5,405 sqft, placing it in the top 15% within the Glenwood neighbourhood. This offers substantial outdoor space and potential for gardening, expansion, or future development, subject to zoning. In stark contrast, its assessed value is among the lowest in the city, indicating a modest structure or a home in need of updating.

Its primary appeal lies in this land-to-value ratio. It represents a ground-floor opportunity in a mature neighbourhood, suited for a specific buyer. It would be an ideal match for an investor or handy homeowner looking for a lot with potential, who is prepared for a renovation or rebuild project. It’s less suited for someone seeking a move-in-ready home without further investment. A thoughtful perspective is that such properties often serve as affordable entry points into established communities, allowing equity to be built through sweat equity and renovation rather than a high initial purchase price.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than typical city homes?
The assessed value is based on the municipal evaluation of both land and building. A value this low, especially compared to the lot size, strongly suggests the existing structure is considered to have minimal contributory value, likely due to its age, size, or condition.

2. What can the large lot be used for?
The generous lot provides ample yard space. Depending on Winnipeg’s zoning bylaws, it may also present future potential for additions, a garage, or even subdivision or redevelopment. A buyer should verify allowable uses with the city.

3. Who would this property suit best?
It is best suited for an investor, a builder, or a homeowner with renovation experience who sees value in the land and location, and is prepared to invest significantly in the existing structure or to consider replacing it.

4. The sold price history shows a range. How can I get the exact figure?
The exact sale price is not publicly listed in all records. You can request it directly via the "Get exact sold price history" button on the listing page. The service provider manually retrieves and emails this data.

5. How reliable are the "ranking" metrics provided?
These rankings compare this specific property against similar homes on its street, in Glenwood, and citywide for metrics like Land Area and Assessed Value. They provide useful context, showing, for instance, that this lot is well above average for the area while its assessment is at the very bottom.