Property Overview: 42 Glen Avenue, Winnipeg
Key Characteristics & Appeal
This Norberry home presents a distinct value proposition centered on its generous lot. Built in 1949, the 871 sqft house is modest in size, ranking below average for living space both on its street and city-wide. Its assessed value of $320,000, however, is consistently around the average for its immediate area. The primary standout feature is the 8,100 sqft land area, which is significantly above average for both the Norberry neighborhood and Winnipeg overall, placing it in the top 22% and 11% respectively.
The appeal here is for the buyer who prioritizes land and potential over move-in perfection. It suits a hands-on purchaser—perhaps a first-time buyer comfortable with gradual updates, an investor seeing long-term value in a large parcel, or someone seeking ample outdoor space for gardens, pets, or future expansion. The price point reflects the smaller, older home but is balanced by the lot's scarcity value. It’s a property where the true asset is the ground it sits on, offering a blank canvas relative to the established neighborhood.
Frequently Asked Questions
1. Is the house in need of major renovation?
Given its age (77 years) and below-average living area, buyers should budget for updates. The systems, roof, and windows common to homes of this era likely require attention or modernization.
2. How does the large lot affect property taxes and maintenance?
While the assessed value is aligned with area averages, the large lot may influence future assessments. Buyers should also consider the ongoing cost and time commitment for maintaining an 8,100 sqft property.
3. What are the possibilities for expanding or redeveloping the home?
The sizable lot could allow for a significant addition, a garage, or even future redevelopment, subject to local zoning bylaws and permits. This is a key point for buyers to investigate.
4. Why is the sold price from 2019 shown as a range?
Publicly available sold price data is presented in broad bands for non-registered users. To obtain the exact historical sale figure, you must request a manual lookup from the site via email.
5. How does this property’s value compare to others on the street?
Its assessed value is around the street average, but its living area is among the smallest. This suggests you are paying primarily for the location and the lot size rather than the size or condition of the dwelling itself.