Property Summary: 98 Haig Avenue, Winnipeg
Section 1: Overview & Appeal
This home is a classic one-and-a-half storey character property in the Glenwood neighbourhood, built in 1949. Its key characteristics include a renovated basement, a detached garage, and a manageable 1,033 sqft of living space on a standard 4,602 sqft lot.
The appeal lies in its strong positioning within its immediate area. While its size is below the city-wide average, it ranks above average for both living area and age on its own street, suggesting it’s a well-sized, established home in a consistent setting. The renovated basement adds modern utility to a classic structure. Its assessed value is around the average for both the street and Glenwood, indicating a stable, mid-range investment without premium pricing.
This property would suit first-time buyers or downsizers looking for a character home in a settled neighbourhood without the upkeep of a larger lot. It’s also a practical fit for those who value a sense of community on a specific street over city-wide comparisons, as it offers more space and an older, possibly more established feel than many of its direct neighbours.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the wider city?
While its assessed value is around average for Glenwood, it ranks below average city-wide. This highlights a potential value opportunity for buyers focused on the specific neighbourhood and street, where you get more home for your dollar compared to the Winnipeg average.
2. What does the “above average” ranking for year built mean?
The home was built in 1949, which is older than most homes in Winnipeg. However, on Haig Avenue, it ranks in the top 24%, meaning it is actually one of the newer homes on its own block. This points to a street with enduring character and suggests neighbouring properties have a similar vintage charm.
3. Is the living space sufficient for a growing family?
At 1,033 sqft, the living area is above the average for both the street and Glenwood, but below the city average. It represents a efficient, mid-century footprint. The renovated basement offers crucial additional flexible space, making it more viable for a small family than the main floor square footage alone might imply.
4. What can the recent sold price history tell me?
The home sold in May 2023 for between $305,000 and $335,000. This sale price was around the average for the area at that time. Reviewing this against the current assessed value can provide insight into local market trends and valuation consistency.
5. How does the lot size impact the property?
The lot is a standard size for the area. Its ranking is almost exactly average on the street, in the neighbourhood, and even city-wide (though city lots are generally larger). This indicates a typical urban yard for Winnipeg—manageable for maintenance without being overly spacious.