Property Summary: 296 Glenwood Crescent, Winnipeg
Key Characteristics & Appeal
This is a substantial, character-filled two-storey home built in 1930, situated on an exceptionally large lot in the sought-after Glenelm neighbourhood. Its key appeal lies in the combination of generous indoor and outdoor space, with a renovated basement adding modern functionality. At over 1,600 sqft of living area, the home is notably spacious for the area, ranking in the top 11% locally. The true standout, however, is the land: at approximately 9,500 sqft, the property is in the elite top 2% of Glenelm for lot size, offering rare potential for gardening, expansion, or simply ample private outdoor space.
The home’s assessed value ranks in the top 3% for the neighbourhood, indicating it is considered a premium property within Glenelm. This suggests a well-maintained or updated home in a prime location. It would perfectly suit buyers looking for a classic home with character, who value space and privacy over a brand-new build. It’s ideal for a growing family seeking room to spread out, or for someone who appreciates the established charm of Glenelm and the long-term value of one of its larger parcels of land.
Frequently Asked Questions
1. How does the lot size compare to a typical city lot?
The lot is approximately 9,500 sqft, which is significantly larger than the Winnipeg city average of about 6,570 sqft and more than double the Glenelm neighbourhood average of about 3,850 sqft.
2. What does the "Elite" ranking for assessed value in Glenelm indicate?
It means the home’s assessed value is in the top 3% of all 842 comparable properties in the Glenelm area. This typically reflects a combination of the home’s size, condition, improvements (like the renovated basement), and its desirable location on a large lot.
3. Is the living space considered large for the area?
Yes. With 1,612 sqft, it ranks in the top 11% for living area in Glenelm, where the average comparable home is about 1,165 sqft. It offers above-average interior space for the neighbourhood.
4. The home was built in 1930. What should I consider?
While the home has a renovated basement, the main structure is nearly 100 years old. Prospective buyers should budget for and investigate the condition of major aging components, such as the roof, plumbing, electrical systems, and the foundation, which are typical focal points for heritage-era homes.
5. Why are the sold prices shown as a range?
The ranges are based on publicly available data. To protect privacy and ensure accuracy, the exact sale price is provided directly by request. You can submit your email to receive the precise figure, with no obligation for marketing follow-up.