Property Overview: 107 Cobourg Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in the Glenelm neighborhood presents a classic, grounded opportunity. Built in 1913, it offers 1,368 sqft of living space, which is notably above average for both the immediate street and the broader Glenelm area. A key feature is its renovated basement, adding functional living space. The lot size of 3,075 sqft is generous for the street, offering good outdoor potential relative to its peers.
The primary appeal lies in its strong positioning within a desirable, established community. The data suggests it's a home that stands well among its direct neighbors—ranking above average in assessed value and land area on Cobourg Avenue itself. It suits a buyer looking for character in a mature neighborhood, who values space and a sense of community over a brand-new build. It’s particularly fitting for those who appreciate a home that has held its relative value locally and offers the practicality of a modernized basement within a classic structure.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others in Glenelm?
While its age and lot size are typical for Glenelm, its living space is larger than about 75% of comparable homes in the neighborhood, and its assessed value is also above average here, suggesting it's a solid, spacious offering for the area.
2. The assessed value seems low compared to the city-wide average. Why?
The city-wide average assessed value is skewed by newer, larger homes in different areas. This home's value is best judged against its immediate neighborhood and street, where it ranks in the top 23% and 19% respectively, indicating it is a higher-value property within its own established community context.
3. What should I consider about a home built in 1913?
While it offers classic charm and likely solid construction, a professional inspection is essential to understand the condition of older mechanical systems, the foundation, and the structure. The renovated basement is a positive, but the scope of that renovation should be verified.
4. Is the lack of a garage a significant drawback?
This is common for homes of this era in mature neighborhoods. The appeal here is the neighborhood character and lot size. Buyers should consider on-street parking availability and the potential cost/feasibility of adding a garage or parking pad in the future, subject to local bylaws.
5. The home sold in April 2020. What does that past sale indicate?
The sold price range from 2020 provides a historical benchmark, but market conditions have likely shifted. That sale is most useful for understanding the property's price trajectory rather than determining its current market value, which will depend on present-day factors and updates made since then.