249 Glenwood Crescent

Property Overview: 249 Glenwood Crescent, Winnipeg

Key Characteristics & Appeal

This two-storey home in the Glenelm neighbourhood offers a classic, century-old character combined with practical space. Its key appeal lies in its above-average living area of 1,712 sq ft, which is notably spacious for both the immediate street and the wider neighbourhood. This suggests a home with good room for a family or for those who value larger interior spaces in an established area.

The property presents a distinct value proposition. Its assessed value is significantly below the average for its street and the city, which could indicate an opportunity for a buyer comfortable with a home from 1912 that likely requires updates. The basement is noted as unrenovated, and there is no garage or pool. The lot size is modest relative to others on the street but is typical for Glenelm.

This home would best suit a value-conscious buyer looking for character and space over modern finishes—perhaps a handy homeowner ready to personalize a solid project, or an investor considering the neighbourhood's fundamentals. Its appeal is pragmatic: you are paying primarily for the generous interior square footage within a well-located neighbourhood, not for premium land size or recent renovations.

Frequently Asked Questions

1. Why is the assessed value so much lower than neighbouring homes on the same street?
The assessed value is a municipal estimate for tax purposes and is influenced by many factors. In this case, the home's older age (1912), unrenovated basement, and smaller lot size compared to others on Glenwood Crescent likely contribute to its lower assessment relative to street averages.

2. Is the living area truly larger than most homes in the area?
Yes. The data shows the home's living area ranks in the top 8% for the Glenelm neighbourhood and the top 27% for its specific street, meaning it has more interior space than most comparable local properties.

3. What should I consider about the home's age (1912)?
While offering classic charm, a home from 1912 will require a thorough inspection of its foundational structure, wiring, plumbing, and heating systems. Budgeting for ongoing maintenance and potential updates is essential.

4. The home sold recently in 2023. What does that history suggest?
The sale in August 2023 provides a recent market price benchmark. The fact it sold again relatively soon may indicate it was a flip, an investment property, or that the previous owner's circumstances changed quickly. Requesting the exact sale price details can help clarify its current value.

5. How does the lack of a garage and a smaller lot affect livability?
This means on-street parking and less private outdoor space. For some buyers, this is a worthwhile trade-off for a larger interior in a mature neighbourhood. For others, it could be a significant drawback, so consider your parking needs and desire for yard space.