Property Overview
This one-and-a-half storey home on a large lot in Glenelm presents a compelling mix of established character and relative value. Its key appeal lies in its generous, above-average land size (nearly 10,000 sqft), offering rare potential for gardens, expansion, or simply ample outdoor space in a mature neighbourhood. The home itself, built in 1946, is newer than most on its street and in the area, which may suggest fewer concerns related to very old infrastructure. With a renovated basement and detached garage, it offers functional living space. The assessed value positions it as an elite property within Glenelm, yet it appears around average city-wide, indicating you may get more property for your dollar here compared to many Winnipeg neighbourhoods.
It would suit a buyer looking for a solid, character home in a quiet, established area who prioritizes land size over a modern, turn-key interior. It's ideal for someone with a vision for updates or additions, or for a household that values substantial private outdoor space. The data suggests it's a property that stands out within its immediate community more than it does across the entire city.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is often different from market value. This home's elite assessment within Glenelm suggests it is a higher-value property for the area, but recent sold prices on the street and comparable assessments city-wide should be reviewed to gauge the current market.
2. What are the implications of the home's age (1946)?
While newer than many neighbours, an 80-year-old home will still require careful inspection for foundational, electrical, and plumbing systems. Its "newer" vintage relative to the area could mean some components have been updated more recently, but due diligence is essential.
3. What can I do with such a large lot?
The lot size is a significant feature. Beyond gardening, it may allow for future additions like a garage workshop, a sunroom, or even a legal secondary suite (subject to zoning and city approvals). It also offers a level of privacy and space uncommon in many city lots.
4. The sold price history shows a sale in 2019 for significantly less than the current assessment. Why?
Market conditions change, and substantial renovations (like the basement update mentioned) can increase value. The 2019 price is a historical data point; the current assessed value and recent area sales are better indicators of today's value.
5. What is the Glenelm neighbourhood like?
Glenelm is a mature, established neighbourhood with older homes and tree-lined streets. Its appeal is typically quiet, community-oriented living. The data shows homes here often have smaller living areas but can feature larger lots compared to the city average, emphasizing character and outdoor space over square footage.