Property Overview
104 Martin Avenue W is a 1,118 sqft, one-and-three-quarter storey home built in 1912, situated on a 2,700 sqft lot in Winnipeg's Glenelm neighborhood. The home features a basement but has not been renovated, and it does not include a pool or garage. Its most recent assessed value is $23,50k.
Section 1: Key Characteristics & Appeal
This home’s primary appeal lies in its solid positioning within its immediate, established community. With a living area that ranks in the top 25% on its own street, it offers more interior space than many direct neighbors. The assessed value is also above the street average, suggesting it is viewed favorably relative to nearby properties. This creates a value proposition for a buyer seeking a character home in a mature neighborhood, where the house itself stands well against local comparables.
The property would suit a practical, value-conscious buyer—perhaps a first-time homeowner or an investor—who is comfortable with a home of this vintage and its unrenovated basement. The buyer likely prioritizes location and lot potential over modern finishes and is prepared for the maintenance or incremental updates a 1912 home may require. A thoughtful perspective is that while the home ranks below average city-wide in metrics like year built and land size, its stronger standing within Glenelm and especially on Martin Avenue itself indicates it is a comparatively robust offering on its block, which can be more meaningful for daily living and future resale than city-wide comparisons.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home sold in October 2024 for an estimated $25.5k–$28.5k, which was above its current $23.5k assessed value. This sale price ranked in the top 14% compared to other sales on the same street, indicating strong market interest at that time.
2. Is the lot size a limitation?
At 2,700 sqft, the lot is around average for Martin Avenue but below the average for both the wider Glenelm area and Winnipeg overall. It provides typical outdoor space for the immediate streetscape but may not accommodate extensive additions or sprawling gardens.
3. What does "above average for the street" really mean for a buyer?
It means that, according to the data, this home scores better than most of its closest neighbors in key areas like living space and assessed value. This can be a marker of good relative value and potential stability, as the home isn't at the bottom of its local market.
4. The home is over 110 years old. What should I consider?
While the structure has proven its longevity, major original systems like wiring, plumbing, or the foundation may need evaluation. The unrenovated basement presents both a project and an opportunity to customize modern utilities and space without undoing recent, potentially low-quality renovations.
5. Why is the city-wide assessed value ranking so low?
The $23.5k assessment ranks in the bottom 15% city-wide because assessment values across Winnipeg include a vast range of property types and values. This ranking reflects the home's position in the broader market, not its condition or value within the desirable context of its own neighborhood.