Property Overview: 51 Martin Avenue W, Glenelm, Winnipeg
Key Characteristics & Appeal
This is a compact, century-old two-storey home (built 1914) on a modest lot in Winnipeg's Glenelm neighbourhood. With 748 sqft of living space, it is notably smaller than most homes in the area and across the city. Its assessed value is relatively low, especially compared to the citywide average, suggesting an accessible entry point into the market. The basement exists but is noted as not renovated, and the property has no garage or pool.
The primary appeal lies in its position as a potential starter home or a straightforward investment property within an established neighbourhood. It suits buyers with minimal space needs, those looking for a lower-cost property to renovate over time, or investors seeking a rental property with a manageable footprint. A thoughtful perspective is that its smaller size and lot translate to lower maintenance demands and utility costs, which can be a significant long-term advantage. While it doesn't offer modern upgrades or ample space, it represents a pragmatic opportunity in a mature community, likely appealing to those who value location and simplicity over square footage.
Frequently Asked Questions
1. How does the size of this home compare to others?
It is significantly smaller than average. Its living area ranks in the bottom 30% for its street and the bottom 12% within the Glenelm neighbourhood.
2. What does the assessed value indicate?
The assessed value is below the neighbourhood and citywide averages. This typically correlates with a more accessible purchase price but may also reflect the home's smaller size, age, and condition.
3. Is the basement finished?
No, the listing specifically notes the basement is "not renovated."
4. What are the implications of the lot size?
The land area is quite small, ranking at the very bottom compared to nearby properties. This means minimal outdoor maintenance but also very limited potential for expansions or additions.
5. When was it last sold and for roughly how much?
Based on available data, it was sold in June 2021 for an estimated price range of $15.50k to $18.50k. Exact sold prices require a direct request to the site.