Property Overview: 186 Glenwood Crescent, Glenelm
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1927, is a standout property in the sought-after Glenelm neighbourhood. Its primary appeal lies in a combination of generous space, a prime lot, and a strong value position within a mature, established community.
The home offers 1,711 sqft of living area, which is notably above average for both the street and the wider neighbourhood. A key feature is the renovated basement, adding functional living space. The property sits on an expansive 8,772 sqft lot, placing it in the top tier for land size in Glenelm. This presents significant potential for gardening, outdoor living, or future expansion. A detached garage provides additional utility.
From an investment perspective, the home’s assessed value ranks in the elite tier for Glenelm, suggesting it is viewed as a premium property within this specific market. While its age is typical for the area, the renovated basement indicates updated functionality. This property would best suit buyers looking for a character home in a prime central neighbourhood, who value larger private outdoor space over a brand-new build. It’s ideal for someone ready to maintain a heritage-era home and possibly capitalize on its substantial lot size in the future.
Frequently Asked Questions
1. How does this home’s size compare to others in the area?
At 1,711 sqft, the living space is significantly larger than the average home in Glenelm (approx. 1,165 sqft) and on Glenwood Crescent itself (approx. 1,499 sqft), offering more interior room than most comparable properties.
2. What does the "Elite" ranking for Land Area mean?
The nearly 8,800 sqft lot is exceptionally large for Glenelm, ranking in the top 4% of the neighbourhood. This is a major asset, providing rare outdoor space and privacy for the area.
3. The home was built in 1927. What should I consider?
The age is typical for Glenelm, a neighbourhood known for its character homes. While the basement has been renovated, a thorough inspection is recommended to understand the condition of original elements like the roof, wiring, and plumbing, common for houses of this era.
4. Why is the assessed value ranking so high locally but average city-wide?
The "Elite" ranking in Glenelm reflects the home’s premium attributes (size, lot) within that specific, desirable neighbourhood. The city-wide average ranking is influenced by newer, suburban homes with different valuation metrics, highlighting this property’s strength in its local context.
5. What is the neighbourhood like?
Glenelm is a mature, established neighbourhood known for its tree-lined streets, character homes, and strong sense of community. Its central location in Winnipeg offers convenience, but it maintains a quiet, residential feel.