Property Overview
This one-storey home at 527 Gagnon Street in Winnipeg's Glendale neighbourhood presents a specific and practical value proposition. Its key appeal lies in the combination of a very modern build year (2004), which is newer than over 97% of homes on its street and in Glendale, and an above-average land size of over 8,100 sqft. The home itself is more modest in size at 960 sqft and features an attached garage and a renovated basement.
The property would suit a first-time homebuyer or a downsizer looking for a low-maintenance, single-level layout on a substantial lot, with the benefit of newer construction that likely means fewer immediate repairs. It also appeals to a value-conscious buyer who prioritizes land potential and modern systems over sheer living space. A thoughtful perspective is that while the living area is compact, the large lot and newer build offer a balanced foundation where the value has been placed on the land and the building's age rather than finished square footage.
Frequently Asked Questions
1. Is the price competitive for the area?
Based on assessed value, the property sits around the average for both Gagnon Street and the wider Glendale area. Its most recent sale price in 2024 also positioned it competitively, ranking in the top 24% city-wide for that transaction period.
2. What are the less obvious advantages of this property?
The standout features are its age and lot size. Being built in 2004 means major components like the roof, windows, and mechanical systems are relatively young compared to the neighbourhood's older housing stock. The large lot is a significant asset, offering ample outdoor space and future potential that many newer homes in this price range do not provide.
3. Who might this home not be suitable for?
It may not suit a growing family needing multiple bedrooms or abundant indoor living space, as the 960 sqft footprint is below average for the area. Those seeking a move-in-ready home with extensive upgrades or a traditional character aesthetic may also find it too compact or basic.
4. How does the renovated basement factor in?
The renovated basement adds functional living space beyond the main floor's square footage. This is a crucial feature for a home of this size, potentially providing room for a family room, home office, or additional storage.
5. What is the neighbourhood context?
Glendale is an established neighbourhood. This specific street has a mix of older and newer homes. This property is among the newest on the block, which can be an advantage for maintenance but may mean the architectural style differs from its older neighbours.