Here is a clean summary of the property at 124 Glendale Boulevard, split into two sections.
Key Characteristics & Market Position
This is a 1,470 sqft home built in 1920, sitting on a generous 7,846 sqft lot in the Woodhaven neighborhood of Winnipeg. The property’s main appeal lies in its land. While the house itself is modest in size and age compared to the area average, the lot is a standout feature—ranking in the top 12% city-wide for land area. This gives a buyer a significant plot for a neighborhood that typically has smaller parcels.
The assessed value is notably low relative to comparable homes, ranking last on the street and in the bottom 3% of the neighborhood. This suggests the structure itself may be dated or require significant updates, anchoring the price well below the local median of $422k. The appeal is twofold: it offers an entry point into a desirable area at a lower valuation, but that lower number is tied directly to a property that is clearly not turn-key.
Who it would suit: A buyer looking for a renovation project or a rebuild opportunity in a stable, established neighborhood. This is not for someone who wants to move in with minimal fuss. It’s for a buyer who sees the value in the land first and the house second—someone comfortable navigating construction costs and timelines in exchange for a prime lot at a below-market entry price. It also suits an investor looking to hold a larger lot in a city where land is appreciating.
Five Possible FAQs
1. Is the assessed value a realistic price for this home?
Generally, no. The assessed value of $239k is for municipal tax purposes and often lags market conditions. However, in this case it reflects the home’s condition and age more than its location. A property with this much land in Woodhaven will likely trade higher than the assessment, but the low relative ranking does signal that the house itself carries limited residual value.
2. What kind of condition is a 1920s home on that lot likely to be in?
It varies, but given the assessed value is 57% of the street average, expect major systems (roof, furnace, electrical, plumbing) to be aged or nearing end of life. Foundation issues are common in that era in Winnipeg. The land is the asset here; the house may be more of a liability until invested in.
3. How does the neighborhood (Woodhaven) compare to nearby areas?
Woodhaven is a well-established, desirable area east of the Red River. It’s known for larger, older character homes and mature trees. The average home here sits on nearly 10,000 sqft of land, which indicates a low-density, suburban feel that many buyers find appealing. The trade-off is that homes tend to be older and often need work.
4. Can I build a new home on this lot if I tear the existing one down?
Potentially, but you need to check zoning and setbacks with the City of Winnipeg. The lot is 7,846 sqft, which is large by city standards but smaller than the Woodhaven average. A thorough review of building envelopes and any restrictive covenants would be necessary. It’s a strong candidate for a custom build or a significant addition if zoning allows.
5. Why is the year built considered “below average” for the neighborhood?
Neighbourhood comps average a 1953 build date, so this house is 33 years older than typical. While an older home can have charm, it also means the property is more likely to have outdated framing, insulation, and energy efficiency. It’s one of the oldest homes on the street, which partly explains the low assessed value relative to its neighbors.