Property Summary: 115 Riverton Avenue, Glenelm, Winnipeg
Key Characteristics & Appeal
This 985 sqft bi-level home, built in 2019, stands out as a modern offering in the established Glenelm neighborhood. Its primary appeal lies in its newness—it ranks in the top 2% of homes on its street by year built, making it a rare, low-maintenance property in an area of mostly older homes. The home features a renovated basement and a compact, efficient layout.
While the living space is average for the immediate area, the property’s assessed value is notably high for Glenelm (top 15%), suggesting strong perceived value or significant upgrades. The lot is smaller than most in the neighborhood, which translates to less yard upkeep. This combination makes it ideal for first-time buyers, downsizers, or investors seeking a modern, "lock-and-leave" style home without the premium of a brand-new subdivision. It suits someone who prioritizes a newer building with less immediate repair worry over a larger lot or home size.
Frequently Asked Questions
1. Is the high assessed value for the area a concern for property taxes?
Likely yes. With an assessed value ranking in the top 15% for Glenelm, the property taxes are probably higher than the neighborhood average, reflecting the home's newer condition.
2. What does the smaller land area mean for me?
The lot is significantly smaller than most in Glenelm (top 95%, meaning only 5% are smaller). This means minimal yard maintenance but also limited space for expansions, large gardens, or extensive outdoor recreation.
3. How does the sold price history inform the current value?
The home sold previously in 2019 and 2022, with each sale price ranking higher than the area average at the time. This indicates a history of strong market performance relative to its peers.
4. Who might this property not suit?
It may not suit buyers seeking a large yard, extensive square footage, or a character home typical of older neighborhoods. The bi-level style and compact lot offer a different feel than a traditional two-story on a large plot.
5. What is the context of it being a "renovated basement"?
As the home is only 7 years old, this renovation is likely a modern finish of the original lower level, not a retrofit of an old cellar, offering additional contemporary living space from the outset.