Property Overview: 100 Cobourg Avenue, Glenelm, Winnipeg
Key Characteristics & Buyer Appeal
This one-and-a-half storey home, built in 1915, presents a classic character property with practical considerations. Its key feature is a living space (1,374 sq ft) that is notably above average for both the immediate street and the Glenelm neighbourhood, offering more room than many comparable homes. The property includes a detached garage and a full, unrenovated basement, providing ample storage or future development potential.
The appeal here is grounded in value and opportunity. The home’s assessed value is consistently below average for its street, neighbourhood, and city-wide, which can suggest a more accessible entry point into a well-established area. It sits on a modest, sub-3,000 sq ft lot, typical for the inner-city location. This property would suit a pragmatic buyer—perhaps a first-time homeowner, an investor, or a hands-on individual—who values space over a modern turn-key condition and sees potential in a solid, century-old structure. It’s for those comfortable with a home that may require updates, appreciating the charm and neighbourhood stability of Glenelm over a pristine finish.
Frequently Asked Questions
1. What does the below-average assessed value indicate?
It primarily reflects the municipality’s valuation for tax purposes, which is often influenced by factors like the unrenovated basement and the home’s age. It doesn’t directly set market price but can signal a potentially lower property tax burden relative to other homes in the area.
2. Is the unrenovated basement a major concern?
Not inherently. It means the space is in original or utilitarian condition. For a buyer, this represents a known project—it allows for customization but requires budgeting for any desired finishing, moisture-proofing, or upgrades.
3. How does the living area compare meaningfully?
Ranking in the top 30% on its street for living space means you’re getting more square footage than most direct neighbours. This is a tangible advantage over similar character homes, offering more functional room without a larger footprint.
4. What are the implications of the lot size?
At just under 3,000 sq ft, the lot is compact. This means lower maintenance, which can be a benefit, but limits expansive outdoor additions or landscaping. It’s typical for the neighbourhood’s density.
5. Where can I find the exact historical sale prices?
As noted, exact sold prices are provided manually by the listing service to ensure accuracy. You can request this detailed history via email; they commit to a same-day reply without using your contact for unsolicited marketing.