214 Glenway Avenue

Property Overview: 214 Glenway Avenue, Winnipeg

Key Characteristics & Appeal

This home at 214 Glenway Avenue presents a specific and compelling value proposition in Winnipeg’s River East neighborhood. Its most defining characteristic is its compact size, with a living area of 680 sqft that places it well below average for the street, neighborhood, and city. This is balanced by a relatively newer build year (1988), which is elite for the area and above average city-wide, suggesting potentially fewer immediate maintenance concerns compared to older stock.

The appeal lies in its efficiency and entry-point affordability within a established community. The assessed value of $335k is below average for Glenway Avenue and River East, yet aligns closely with the Winnipeg average, indicating you are paying primarily for location and land. The lot size of over 6,000 sqft is above average city-wide, offering valuable outdoor space uncommon for homes of this square footage. This combination makes it ideal for a first-time buyer, an investor, or a downsizer seeking a low-maintenance footprint without sacrificing yard space. It suits a pragmatic buyer who values a newer building envelope and a larger lot over interior square footage, viewing the home as a solid foundation in a good location.

Frequently Asked Questions

1. Is the low square footage a major drawback?
It depends on your needs. The home is significantly smaller than its neighbors, which limits living space but also translates to a lower assessed value and likely lower utility costs. It’s a trade-off: you gain affordability and a newer build year in exchange for compact living.

2. How does the assessed value compare to likely selling price?
Assessed value is for municipal tax purposes and is not a market appraisal. While it provides a benchmark, the market price will be influenced by current conditions, the home’s condition, and its unique offering of a large lot with a small, newer house.

3. What does the "newer build year" actually mean for me?
A 1988 construction date means major systems (roof, wiring, plumbing) are potentially decades newer than the neighborhood average (1976). This can mean reduced near-term replacement costs, but a professional inspection is still essential to verify the condition of all components.

4. Who would this property NOT suit well?
It would not suit buyers who need multiple bedrooms, dedicated home office space, or who simply prefer more spacious interiors. Growing families or those who entertain frequently might find the layout limiting.

5. How can I get the exact past sale prices for this home?
The site provides estimated sale price ranges from 2016 and 2019. Due to industry rules, exact sold prices are not displayed publicly. You can request the exact figures via email from the site provider, who will manually look up and send the verified transaction history.