Property Overview: 118 Martin Avenue W, Glenelm, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, one-storey home built in 1913, offering 759 sqft of living space on a 2,700 sqft lot. Its key appeal lies in its balance of historic charm and modern practicality, featuring a renovated basement. While the home's size is below average for both the Glenelm neighborhood and the wider city, it stands out for its financial efficiency. The assessed value of $26,600 is notably above average for its immediate street and solid for the area, suggesting a well-maintained property that offers good value relative to its local market.
This home would best suit first-time buyers, downsizers, or pragmatic investors seeking an entry into a established neighborhood without a premium price tag. Its manageable size and renovated basement provide a move-in-ready foundation, while the lot offers potential for gardening or outdoor space in a more intimate setting. A thoughtful perspective for buyers is to see the smaller scale not as a limitation, but as a lower-maintenance, cost-effective footprint in a neighborhood of larger, older homes, allowing for savings on utilities, taxes, and upkeep.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
At 759 sqft, the living area is smaller than the average home in Glenelm (~1,165 sqft) and on Martin Avenue W itself (~948 sqft). It represents a more compact, efficient layout.
2. Is the assessed value high for such a small home?
Yes, relatively. Its assessment ranks in the top 13% on its own street and is above the area average, indicating that official valuation factors in condition, improvements like the renovated basement, and its specific location favorably.
3. What does the sale history indicate?
It last sold in early 2023 for an estimated $25.5k-$28.5k, which is closely aligned with its current assessed value, suggesting a stable and transparent recent valuation.
4. What are the less obvious considerations for a home from 1913?
While the basement is renovated, a home of this age requires a focus on the fundamentals: the condition of the original foundation, plumbing, electrical systems, and roof. The charm comes with the responsibility of proactive maintenance.
5. Who might this property not suit?
It may not suit buyers needing multiple bedrooms, dedicated home office space, or extensive room for a growing family. Those prioritizing large private outdoor space may also find the lot size limiting compared to other city options.