Property Overview: 105 Carmen Avenue, Glenelm, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the established Glenelm neighborhood presents a straightforward, value-oriented opportunity. Built in 1928, its 844 sqft living area is modest and typical for the street, sitting on a 3,071 sqft lot. Key features include a detached garage and a basement that is present but not renovated. The home’s assessed value is squarely average for both Carmen Avenue and the wider Glenelm area, indicating it is priced in line with its immediate peers rather than the city at large.
The primary appeal lies in its position as an affordable entry point into a mature, central neighborhood. It suits practical buyers looking for a home with original character and the potential for gradual updates according to their own taste and budget. It’s a sensible fit for a first-time homebuyer, an investor seeking a rental property, or someone looking to downsize without leaving a well-located community. A less obvious perspective is that its very "averageness" for the area is a strength—it avoids the premium of a fully renovated home while offering a stable foundation in a neighborhood where values are consistent.
Section 2: Frequently Asked Questions
1. What is the true size and feel of the property?
The home is compact at 844 sqft, which is smaller than the average Glenelm home. The lot is also slightly below average for the street. This suggests a cozy, low-maintenance footprint ideal for individuals, couples, or small families.
2. What does "basement not renovated" imply?
This indicates the basement is unfinished or in original condition. It provides valuable storage or mechanical space but would require investment to become a finished living area. Buyers should budget for potential moisture-proofing, insulation, and finishing work.
3. How does the assessed value relate to the likely selling price?
The assessed value for tax purposes is around $24.5k, but note that this is not a market valuation. The last known sold price range (2021) was $26.5k-$29.5k. The selling price will be determined by current market conditions, the home's condition, and buyer demand.
4. Who would this property not suit?
It may not suit those seeking a move-in-ready, modern open-concept layout or requiring significant space for a growing family. The need for updates and the modest square footage are key considerations.
5. What are the less obvious costs or considerations?
As a home built in 1928, prospective buyers should prioritize a thorough inspection for aging infrastructure, such as the roof, plumbing, and electrical systems. While the price is accessible, setting aside a reserve for essential maintenance and system updates is a prudent step.