Property Overview: 48 Hart Avenue, Glenelm, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1913, presents a classic Glenelm character home with practical potential. Its key appeal lies in its established neighbourhood setting and a living space (1,314 sqft) that is notably above average for its immediate street. The home features a basement, but it is not renovated, and the property does not include a garage or pool.
The property suits buyers looking for an entry point into a mature, tree-lined neighbourhood, particularly those with a vision for gradual updates. Its assessed value is modest compared to the city-wide average, suggesting a relatively accessible price point for the area. A thoughtful perspective for this home is its lot size (2,861 sqft), which is smaller than most on the street and in the city. This isn't necessarily a drawback—it translates to less yard maintenance, a potential plus for busy professionals or downsizers, while still offering outdoor space. The recent sale history indicates stable, modest value growth, appealing to buyers seeking a straightforward, lower-volatility investment in a character home rather than a speculative flip.
Section 2: Frequently Asked Questions
1. What is the true condition of the basement?
The listing explicitly states the basement is "not renovated." Buyers should budget for potential updates and plan for a thorough inspection to assess fundamentals like moisture control, insulation, and electrical systems.
2. How does the smaller lot size impact the property?
While the land area is below average for the street and city, it offers a manageable yard. The trade-off is less private outdoor space but also reduced upkeep. It's worth considering how the lot size and orientation affect natural light and privacy relative to neighbouring homes.
3. What are the implications of the home's age (1913)?
A 113-year-old home comes with inherent character but also requires diligent attention. Prospective buyers should prioritize inspections for the foundation, roof, plumbing, and wiring. The charm of original features may be present, but so could the need for updates to improve energy efficiency.
4. Where does parking fit in without a garage?
The property has no garage. Parking will be limited to on-street. It's advisable to check local street parking regulations and observe typical availability at different times of day to gauge convenience.
5. How does the assessed value relate to the likely selling price?
The assessed value ($23.4k) is for municipal tax purposes and is typically far below market value, as seen in the city-wide comparison where similar assessed homes have much higher average values. Recent sold price ranges for this home (from $19.5k-$22.5k in 2020 to $21.5k-$24.5k in 2023) provide a more relevant, though still historical, gauge of its market value trajectory.