586 Glenway Avenue

Property Overview: 586 Glenway Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,222 sqft home on a 6,101 sqft lot in River East presents a solid, middle-of-the-road offering in the Winnipeg market. Built in 1978, its living space, assessed value ($376k), and lot size all register as "around average" when compared to its immediate street, neighborhood, and the wider city. This consistency is its defining characteristic: it’s a property that doesn’t stand out for being exceptionally large or small, new or old, but rather offers a stable, known quantity.

The appeal lies in its predictability and positioning. For a buyer, it means less risk of overpaying relative to the area and a clear understanding of what you're getting—a home that aligns with the established community norms. The lot size is actually above the city-wide average, offering a slight edge in outdoor space. It would best suit pragmatic, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a straightforward purchase in a settled neighborhood over standout features or a fixer-upper project. Its recent sale in 2023 also provides a clear, contemporary price benchmark for evaluation.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 1,222 sqft, the living area is very close to the averages for Glenway Avenue (1,322 sqft), River East (1,399 sqft), and Winnipeg overall (1,342 sqft). It is a comfortably average-sized home for the area.

2. Is the assessed value a good indicator of the likely selling price?
The assessed value is $376,000. Notably, the home sold for between $350,000 and $400,000 in August 2023, indicating the assessment is closely aligned with recent market activity. Exact sale prices require a manual lookup from verified sources.

3. What is the property’s lot size, and is it a benefit?
The lot is 6,101 sqft. While around average for the street and neighborhood, it is above the city-wide average of 6,570 sqft, which could be a relative advantage for outdoor use or future projects compared to many Winnipeg homes.

4. How old is this home, and what does that mean for maintenance?
Built in 1978, the home is slightly newer than the Winnipeg average but typical for its street. Buyers should anticipate maintenance consistent with a home of this age, including potential updates to major systems like roofing, windows, or HVAC.

5. Where can I see verified historical sale data for this property?
The provided sold price data is from public records. For fully verified figures and a complete transaction history, you must request a manual lookup from the site, as MLS data is not displayed here due to industry rules.