Property Overview
111 Cobourg Avenue is a well-maintained one-and-three-quarter storey home in Winnipeg's Glenelm neighbourhood. Built in 1924, it offers 1,422 sqft of living space on a 3,075 sqft lot and features a renovated basement and a detached garage.
Key Characteristics & Appeal
This home’s primary appeal lies in its established location and strong relative value within its immediate area. While its size and age are fairly typical for Glenelm, it stands out for its assessed value, which ranks in the top 4% on its own street and the top 9% in the neighbourhood. This suggests it is viewed as a premium property within this specific, character-filled community. The renovated basement adds modern, functional space.
It would suit a buyer looking for a solid, character home in a mature neighbourhood without the upkeep of a larger lot. It’s ideal for someone who values a strong positional investment—owning one of the more highly assessed homes on the block—over a brand-new build or a sprawling yard. The detached garage is a practical asset in this setting.
Frequently Asked Questions
How does the assessed value compare to recent sale prices?
The home sold in early 2021 for an estimated $31.5k–$34.5k. Its current assessed value of $35.10k is slightly above that range, indicating stable or slightly appreciating value in the local market context.
Is the living space larger than average for the area?
Yes. At 1,422 sqft, it is above the average for both Cobourg Avenue (1,250 sqft) and the wider Glenelm neighbourhood (1,165 sqft).
What does the "top 4%" assessed value ranking mean for this street?
This ranking indicates that only 3 out of 105 comparable homes on Cobourg Avenue have a higher assessed value. It positions this property as one of the most valuable on its block, which can be a positive indicator for resale and equity.
How does the lot size compare?
The lot is 3,075 sqft, which is slightly below the street average but very typical for central, older neighbourhoods. It offers a manageable yard space for maintenance.
Is the home older than most in Winnipeg?
Yes. Built in 1924, it is older than about 85% of homes citywide. However, it is perfectly average for its neighbourhood and street, where homes from the 1920s are common, meaning local services are well-adapted to character homes.