29 Cobourg Avenue

Property Overview

This two-storey home at 29 Cobourg Avenue in Winnipeg's Glenelm neighbourhood presents a classic character property with modern updates. Built in 1913, it offers 1,680 sqft of living space, which is notably above average for both the street and the area. A key feature is the renovated basement, adding functional living space, and the property includes a detached garage. The lot size of 3,075 sqft is generous for the immediate locale.

The appeal lies in its balance of historic charm and practical renovation, situated in an established community. Its living space is a standout asset in the context of Glenelm. The home’s assessed value is positioned below the citywide average, which may indicate potential value relative to its above-average square footage for the area.

This property would suit a buyer looking for a character home without the footprint of a massive lot to maintain. It’s ideal for someone who values space and a renovated basement over a brand-new build, and who is comfortable with a home whose assessed value suggests it's not at the premium end of the market, potentially allowing room to add value.

Frequently Asked Questions

1. How does the home’s size compare to others nearby?
At 1,680 sqft, the living area is in the top 10-11% for both Cobourg Avenue and the wider Glenelm neighbourhood, meaning it offers more interior space than most comparable local homes.

2. What does the assessed value tell me?
With an assessed value of $220k, it sits below the citywide average. On its own street and in Glenelm, it’s around or slightly below average. This can sometimes suggest a different valuation perspective compared to its physical attributes like living space.

3. Is the lot size typical?
The 3,075 sqft lot is above average for Cobourg Avenue but closer to the average for Glenelm. It’s smaller than the typical citywide lot, which is common for established inner-city neighbourhoods.

4. When was it last sold and for how much?
Public records indicate a sale in July 2022 for a price range between $28.5k and $31.5k. It’s important to note this figure may represent a nominal or non-arms-length transaction and does not reflect a typical market sale price. The exact price requires a direct request to the listing service.

5. What are the implications of the home’s age?
Built in 1913, the home is older than most in Winnipeg. While it has a renovated basement, the age means potential buyers should pay particular attention to the condition of original elements like wiring, plumbing, and the foundation during an inspection.