Property Overview: 119 Riverton Avenue, Glenelm, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a compact, one-storey home built in 1912, situated on a standard city lot in the Glenelm neighborhood. Its key characteristics are its modest scale and very low municipal assessed value, which is significantly below averages for the street, area, and city. The home has 680 sqft of living space, an unrenovated basement, and a detached garage.
The primary appeal lies in its position as one of the most accessible entry points into home ownership in Winnipeg. It represents a low-barrier investment in a land asset, suitable for a buyer with a hands-on approach. The charm is not in its current condition or size, but in its potential and affordability. It would suit a practical first-time buyer, an investor looking for a straightforward rental property, or someone seeking a minimal footprint with the goal of a gradual, self-managed renovation. A less obvious perspective is that its very modest proportions and valuation could offer financial flexibility, allowing the owner to invest in customization without over-capitalizing for the area.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is based on a municipal evaluation, which for this property reflects its smaller size, older age, and likely its unrenovated condition compared to the broader market.
2. What does "Top 97%" for living area in Glenelm mean?
It means that based on living area, this home is smaller than about 97% of comparable homes in the Glenelm area. It is a notably compact property for the neighborhood.
3. Is the sold price history provided the exact price?
No, the listed sold price is a range based on public data. The exact sale price can be requested by email from the site, which they provide manually without using your email for marketing.
4. What are the main considerations for a buyer of this home?
A buyer should be prepared for a project. The home's age suggests potential maintenance needs, and the unrenovated basement indicates immediate living space is limited to the main floor. Budgeting for updates and a thorough inspection are essential.
5. How does the lot size compare?
At 2,502 sqft, the lot is below the average for both Riverton Avenue and Glenelm, but it is a standard city lot configuration, providing adequate outdoor space for a home of this size.