Property Overview
This 1949 one-storey home at 36 Glenlawn Avenue in Elm Park is a compact, renovated character property on a standard city lot. At 792 sqft, its living space is notably smaller than most comparable homes in the area, city, and even on its own street. However, it benefits from a renovated basement and sits on a decent 5,212 sqft lot that is typical for the neighbourhood. Its recent sale price significantly outperformed local averages, suggesting buyers saw value beyond the raw square footage.
The appeal here lies in the potential for a low-maintenance, updated home in a well-established neighbourhood without the premium price of a larger house. It suits first-time buyers, downsizers, or investors looking for a solid entry into Elm Park. The strong sale performance indicates it was likely priced attractively for its condition and location, appealing to those who value a renovated space and lot size over interior square footage. A thoughtful perspective is that this property represents the "land and location" portion of the market, where the value is anchored more in the desirable Elm Park area and the usable lot than in the size of the dwelling itself.
Frequently Asked Questions
Is the house too small?
At 792 sqft of living space, it is significantly smaller than the average Winnipeg home. It would suit individuals, couples, or small families comfortable with compact, efficient living. The renovated basement provides crucial additional space.
Why did it sell for so much more than the assessed value?
Assessed value is for municipal tax purposes and often lags behind market sentiment. The strong sale price relative to area averages suggests the market placed a high value on the home's renovations, lot, and move-in readiness in a sought-after neighbourhood.
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. A buyer should inquire about the scope of work, permits, the nature of the space (e.g., legal suite, rec room), and if it includes a separate entrance.
Is there potential for expansion or adding a garage?
The lot size is standard for the area. While physically possible, any expansion or addition would require checking with the city for zoning bylaws, setback requirements, and obtaining the necessary permits.
How does the age of the home affect it?
Built in 1949, it is older than many homes on its street but typical for Elm Park. This means potential for classic character but also a need for due diligence on the condition of major aging components like the roof, plumbing, and electrical, despite the recent renovations.