Property Overview: 122 Hart Avenue, Glenelm, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey character home built in 1907, situated on a standard-sized lot in the established Glenelm neighborhood. Its key appeal lies in its balance of historic charm and practical updates, most notably a renovated basement. With a living area of 840 sq ft, the home is notably cozier than most in the area, which may appeal to minimalists, first-time buyers, or those looking for a lower-maintenance footprint without leaving a sought-after community.
The data reveals a compelling perspective: while the home is below average in size and age for the street and city, its assessed value is significantly above average for both Hart Avenue and Glenelm. This suggests the property is perceived to hold inherent value, likely due to its location, lot, and condition of improvements like the basement renovation. It would best suit a buyer who values location and character over square footage, is comfortable with the upkeep of an older home, and sees the potential in a well-maintained, efficient space. The detached garage adds practical storage.
Section 2: Frequently Asked Questions
1. Is the house unusually small?
Yes. At 840 sq ft, the living area is smaller than most comparable homes on the street, in Glenelm, and across Winnipeg. This is a defining characteristic of the property.
2. Why is the assessed value high for the area if the house is small and old?
The above-average assessment for the immediate area indicates that factors beyond size and age are heavily weighted. The renovated basement, desirable lot location on the street, and overall property condition in a stable neighborhood likely contribute to its official valuation.
3. What does the sold price history from 2017 indicate?
The home sold in the range of $9.5k to $12.5k in May 2017. This historical price point, significantly lower than the current assessed value, highlights the substantial market change and increased valuation the property has undergone in the intervening years.
4. What should I know about owning a home built in 1907?
While it offers charm, it necessitates a proactive approach to maintenance. Prospective buyers should prioritize a thorough inspection focusing on the foundation, electrical, plumbing, and insulation to understand the modernizations in place and any potential needs of a 119-year-old structure.
5. How does the lot size compare?
The land area of 3,297 sq ft is very typical for Hart Avenue and Glenelm. It is, however, below the city-wide average, reflecting the denser, established nature of older central neighborhoods compared to newer suburban developments.