Property Overview: 137 Cobourg Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Glenelm presents a compelling mix of space, location, and value. Its key characteristic is a well-above-average living area of 1,549 sqft for both the street and neighbourhood, offering more interior room than most comparable homes nearby. The property stands out on its street with an elite-sized lot (4,574 sqft) and a notably newer build year (1946), suggesting a potentially more modern foundation than many surrounding heritage homes. A renovated basement and a detached garage add practical appeal.
The home’s primary draw is its strong positioning within the immediate community. It ranks in the top tiers for living space, lot size, and assessed value specifically within Glenelm and on Cobourg Avenue itself, indicating it is a premium property in a desirable micro-location. This makes it ideal for buyers seeking a established, character neighbourhood but with the advantages of a larger, slightly newer home on a generous lot. It would suit a growing family or someone who values outdoor space and the potential that comes with it, all while being part of a tight-knit community. A thoughtful perspective is that while its city-wide assessed value ranking is average, its elite standing on its own street highlights Glenelm’s nuanced property landscape—value here is deeply tied to specific blocks and lot features.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in April 2020 for an estimated $21.5k - $24.5k. Its current assessed value is $300k. For an accurate, exact sale price history, you can request the information via email from the listing source.
2. Is the home considered a heritage property?
With a build year of 1946, it is younger than many homes in Glenelm and may have fewer heritage-related considerations than neighbouring properties, but this should be verified with the city.
3. What does the "above average" and "elite" ranking mean for lot size?
The lot is 4,574 sqft, which places it in the top 3% for size on Cobourg Avenue. This means it is significantly larger than most direct neighbours, offering more privacy and yard space.
4. How does the living area compare to a typical new home?
At 1,549 sqft, the living area is above the current city-wide average for comparable homes. It provides space comparable to many modern builds, but within a classic one-and-a-half storey layout.
5. Why is the city-wide assessed value ranking lower than the neighbourhood ranking?
The $300k assessment is above average for Glenelm but below the city-wide average for comparable homes, which is $390k. This reflects the generally higher property values across newer areas of Winnipeg compared to established neighbourhoods, though it remains a top-tier property within its own community.