Property Overview: 182 Hespeler Avenue, Glenelm, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1906, offering 820 square feet of living space on a standard city lot of approximately 3,377 square feet. Its key characteristics are its age, modest size, and an unrenovated basement. There is no garage or pool.
The appeal lies in its position as a genuine entry-point into the established Glenelm neighborhood. With an assessed value significantly below both the neighborhood and city averages, it presents a clear opportunity for a first-time homebuyer or an investor seeking a lower-cost footprint in a central area. The lot size is typical for the street, offering standard outdoor space for the locale. This property suits a practical buyer comfortable with a home that requires updates, or an investor looking for a rental property with a foundational structure. A less obvious perspective is that its age and smaller scale could mean lower utility costs and simpler maintenance compared to larger, modern homes, while its below-average assessment might offer relative tax savings.
Section 2: Frequently Asked Questions
1. What does "below average" for living area actually mean for daily living?
At 820 sqft, the home is smaller than most in Glenelm. This means efficient use of space is essential, but it can also translate to less space to heat, clean, and maintain, which some buyers may prefer.
2. The home is noted as 120 years old. What should I be most concerned about?
While charm is a factor, key considerations for a home of this age would be the condition of the foundation, the roof, the plumbing and electrical systems, and the presence of any historical materials like knob-and-tube wiring or lead paint that may need addressing.
3. The assessed value seems very low compared to the "city-wide" average shown. Why?
The city-wide average assessed value listed (approx. $390k) appears to be an anomaly or error in the data presentation, as it is drastically higher than all other figures. A more relevant comparison is the Glenelm neighborhood average of about $25.5k, against which this property is assessed at $18.6k.
4. What can the recent sale history on the street tell me?
Nearby, similar-sized homes on Hespeler Avenue have sold in the past decade. This provides a concrete benchmark for the price range this type of property commands in this specific location, which is more useful than broader area averages.
5. Who would this property not be suitable for?
It would likely not suit buyers looking for a move-in-ready home, those who need multiple bedrooms or dedicated workspace, or anyone requiring attached parking or modern, open-concept layouts without planning a significant renovation.