284 Glenwood Crescent

Property Overview: 284 Glenwood Crescent, Glenelm

Key Characteristics & Appeal

This one-and-a-half storey home in Glenelm is defined by its substantial, private lot and strong value proposition within a desirable neighbourhood. Built in 1927, the 1,431 sqft home sits on an exceptionally large 11,465 sqft parcel of land, ranking in the top 1% of lots in Glenelm and the top 4% citywide. This offers rare potential for gardening, expansion, or simply enjoying generous outdoor space. The home features a renovated basement and a detached garage.

Its primary appeal lies in this unique combination of a prime location and a lot size that is increasingly uncommon in the city core. While the living area is comfortable and on par with area averages, the property’s assessed value is notably strong, ranking in the top 4% of the Glenelm area, suggesting it is viewed as a premium holding within the community. It last sold in late 2023.

This property would best suit buyers who prioritize land over sheer interior square footage—those looking for a character home with room to breathe, garden, or potentially renovate in a well-established neighbourhood. It’s a solid choice for someone seeking a long-term home in a community where property value is driven significantly by location and lot appeal.

Frequently Asked Questions

1. How does the lot size compare to typical city lots?
The lot is exceptionally large at over 11,000 sqft. For perspective, the average comparable lot in Winnipeg is about 6,570 sqft, making this property’s land area about 75% larger than the citywide norm.

2. The assessed value seems high for the neighbourhood. What does this indicate?
The assessment ranks in the elite top 4% for Glenelm. This typically reflects the municipality’s view of the property’s market value, influenced heavily by its premier lot size, location on the street, and the condition of the home. It suggests the property is considered one of the more valuable holdings in the area.

3. Is the living space smaller than other homes on the street?
At 1,431 sqft, it is slightly below the average for Glenwood Crescent (approx. 1,499 sqft) but is above the average for the broader Glenelm neighbourhood. It offers a comfortable footprint that is balanced by the exceptional outdoor space.

4. What is the significance of the recent 2023 sale?
The sale from late 2023 provides a very current, transparent market price point. This recent transaction offers a clear, data-driven benchmark for the property’s value, reducing guesswork compared to homes that haven’t traded hands in many years.

5. What type of neighbourhood is Glenelm?
Glenelm is a mature, established neighbourhood near the city centre. It is known for its tree-lined streets, character homes, and strong sense of community. The property’s metrics show it sits among homes that are older on average than the rest of Winnipeg, contributing to its established charm.