Property Overview
108 Cobourg Avenue is a classic two-and-a-half storey home built in 1914, located in Winnipeg's Glenelm neighbourhood. With 1,332 sqft of living space, it offers a comfortable footprint that is typical for the area. The home features a basement, but it is noted as not being renovated, and the property does not include a garage or pool. Its assessed value is notably lower than the citywide average, positioning it as an accessible entry point into the market. The lot size is modest compared to both local and city averages.
Key Characteristics & Appeal
This home’s primary appeal lies in its value proposition within a well-established neighbourhood. It suits first-time buyers, practical downsizers, or investors looking for a character home without a premium price tag. Its living space is squarely average for Glenelm, meaning it provides the essential room families or individuals need without excess. The unrenovated basement presents a clear, upfront project, allowing new owners to customize the space to their needs and budget over time. A thoughtful perspective is that the lower assessed value, while below the city average, may reflect a more manageable property tax burden. The home is ideal for someone who appreciates the mature streetscape of Glenelm and prefers a blank canvas for updates over a fully modernized—and thus more expensive—property.
Frequently Asked Questions
1. What does "basement, not renovated" typically mean?
It indicates the basement is in functional, likely original condition. Buyers should budget for potential updates to flooring, lighting, or finishes, and a professional inspection is recommended to assess the foundation and mechanical systems.
2. How does the lack of a garage affect daily living in this area?
Street parking is the norm for many homes in older Winnipeg neighbourhoods. For this property, it means factoring in seasonal considerations like winter plug-ins for vehicles, which may require an outdoor electrical setup.
3. Is the assessed value a reliable indicator of the selling price?
Not directly. Assessed value is used for calculating municipal taxes. The selling price is determined by the market and can be higher or lower based on condition, demand, and recent sales of comparable homes in Glenelm.
4. What are the advantages of a smaller lot size?
A modest lot (just under 3,000 sqft) means less yard maintenance, which can be a significant benefit for those seeking a lower-upkeep property while still having private outdoor space.
5. As a home from 1914, what should I be most mindful of?
While offering charm, a home of this age requires attention to its aging components. Key focuses should be the roof, windows, electrical system, and plumbing. An inspection will clarify the condition and any immediate needs.