92 Carriere Avenue

92 Carriere Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a fixer-upper or value-focused property in Winnipeg's Glenwood neighbourhood, built around 1939. Its standout feature is the land: the lot measures 6,117 square feet, which is significantly larger than most homes in the immediate area (top 8%) and well above the neighbourhood average of 4,466 square feet. The house itself is modest—living area is slightly below both street and city averages—and the assessed value of $183,000 is below average across all three comparison levels (street, neighbourhood, and city).

The appeal here isn't in the dwelling itself but in the property's bones. A buyer gets a large, deep lot in an established central neighbourhood at a price point well below the citywide median. That makes it a potential candidate for renovation, a tear-down and rebuild, or simply someone who wants more outdoor space without paying for a bigger house. It would suit a hands-on buyer—someone comfortable with older homes and willing to invest sweat equity or capital—rather than someone looking for a turnkey move-in. The ranking data confirms this is a bottom-quartile property by value, which may also attract investors scouting for undervalued land in a mature area.

Five Frequently Asked Questions

1. Why is the assessed value so low compared to the street average?
The property has a smaller living area than the typical house on Carriere Avenue (around 943 sq ft vs. the street's 1,015 sq ft average), and it's older. Assessed value reflects both the structure and the land. Here, the land is generous, but the house itself isn't contributing much value relative to neighbours.

2. How does the land size compare to other properties in Glenwood?
The lot sits at the 92nd percentile within the neighbourhood, meaning only about 8% of homes have more land. Against the wider city, it's still above average but less exceptional (top 28%). For the area, you're getting a noticeably large yard.

3. Is this a good candidate for a major renovation or tear-down?
It depends on your budget and goals. The land is valuable relative to the purchase price, so a full rebuild could make financial sense if you can build to current neighbourhood standards. Renovating the existing house would mean working within a roughly 85-year-old structure—expect older foundations, wiring, and plumbing. A home inspection is critical here.

4. How does this property rank for living space?
Living area data doesn't show a ranking, but the square footage is below the street, neighbourhood, and city averages. It's a small house by most standards, which is part of why the assessed value is low. If interior space is a priority, this likely isn't the right property.

5. What is the "open neighbourhood map analysis" link for?
That link takes you to a map view where you can compare this house to nearby properties side by side—things like lot size, year built, living area, and assessed value. It's useful for checking whether the lot really stands out against its immediate neighbours, not just broader averages.