Property Overview: 115 Hart Avenue, Glenelm, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1926, offering a classic Glenelm character. Its key features include a renovated basement and a detached garage. At 784 sqft, the living space is notably smaller than most homes in the area and city-wide, positioning this property as a more efficient, low-maintenance footprint. The lot size is typical for the street and neighbourhood.
The appeal lies in its location within a well-established community and its recent sale history, suggesting a turnkey opportunity. The home’s assessed value is consistent with its immediate area, but sits well below the Winnipeg average, indicating a relatively accessible entry point into the market. For its age, it ranks as newer than many on its street, which may hint at better-preserved original features or fewer concerns associated with very early 20th-century construction.
This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, character home in a mature neighbourhood without the upkeep of a larger house. It’s for someone who values location and simplicity over square footage.
Section 2: Frequently Asked Questions
1. Is the small living area a concern?
While the 784 sqft layout is efficient, it is significantly smaller than the neighbourhood average. Buyers should consider if the floorplan and renovated basement provide enough functional space for their needs.
2. What does the assessed value tell us?
The assessed value is aligned with similar homes on Hart Avenue and in Glenelm, but is far below the city-wide average. This suggests the property is priced for the local market context, not the broader Winnipeg boom, which could represent stability or a different value proposition.
3. The home is 100 years old. What should I check?
While it’s a century-old home, it’s actually newer than many on its street. Still, a thorough inspection for foundational integrity, wiring, plumbing, and insulation is essential, as with any character home.
4. How does the recent sale price compare?
The property sold in August 2024 for between $255k and $285k. This recent sale at a price above its assessed value indicates active market interest and should be used as the primary benchmark for current value, not the older 2017 sale.
5. Who are the typical neighbours?
The immediate neighbours on Hart Avenue are homes of very similar assessed value and vintage, suggesting a streetscape of consistent, modestly valued character homes. This can contribute to neighbourhood stability.