Property Overview: 70 Cobourg Avenue, Glenelm, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1925, offering a practical footprint of 816 square feet on a manageable 2,999 sqft lot. Its key features include a renovated basement and a detached garage. The home’s primary appeal lies in its location within the established Glenelm neighbourhood and its relative value. While the living space is notably smaller than most area homes, its assessed value is consistent with the local average, suggesting the potential for a lower entry price into the neighbourhood. This setup would suit first-time buyers, downsizers, or investors seeking a character home with a renovated basement for additional income or living space. A thoughtful perspective for buyers is to see the smaller size not just as a limitation, but as an opportunity for manageable upkeep and lower utility costs, allowing for a lifestyle with more financial flexibility. The home represents a classic "value-over-size" proposition in a mature area.
Frequently Asked Questions
1. Is the house significantly smaller than others in the area?
Yes. At 816 sqft, the living area is below the average for both Cobourg Avenue and the wider Glenelm neighbourhood, placing it in the top 90% and 79% for size, respectively (meaning 90% and 79% of comparable homes are larger).
2. What does the assessed value tell us about the price?
The assessed value of $25,900 is around the average for both the street and Glenelm, but is below the city-wide average. This indicates the home is likely priced in line with its immediate area, not necessarily the broader market.
3. How does the lot size compare?
The lot is 2,999 sqft, which is below average for the street, neighbourhood, and city. This means smaller outdoor maintenance but also limited space for expansions or large additions.
4. What is the historical sales activity?
Records show a sale in April 2016 for an estimated $18.5k to $21.5k. For the exact historical sold price, you can request the information via email from the site.
5. Are there any obvious concerns from the data?
The home's age (101 years) is typical for Glenelm but older than most city-wide. Buyers should anticipate the maintenance and potential upgrade needs common to century-old homes, balanced against the charm and established neighbourhood feel.