Property Overview
71 Cobourg Avenue is a classic one-storey home built in 1913, situated on a standard-sized lot in the established Glenelm neighbourhood. Its key appeal lies in its simplicity and renovated basement, presenting a straightforward, lower-maintenance living option. At 818 sq ft, the living space is notably compact, ranking below average for the street, neighbourhood, and city. This characteristic defines much of the property's profile: it's a modest, historically typical home for the area, not a spacious or modern one. The detached garage adds practical storage or workshop space.
This home would suit first-time buyers or downsizers seeking an affordable entry into a mature, tree-lined neighbourhood without the scale or upkeep of a larger house. Its size and vintage also make it a potential candidate for investors or renovators looking for a manageable project, given the solid lot and existing renovation work in the basement. The appeal is grounded in practicality and location over grandeur.
Frequently Asked Questions
1. Is the house particularly small?
Yes. With 818 sq ft of living area, it is significantly smaller than the average home on its street, in Glenelm, and across Winnipeg. This is its defining characteristic and the primary factor behind its accessible price point.
2. What does the "renovated basement" include?
The provided details confirm the basement is renovated but do not specify the scope. A professional inspection is recommended to determine the finish quality, ceiling height, legal compliance, and whether it includes a separate suite or additional living space.
3. How does the assessed value relate to the likely selling price?
The municipal assessed value is $20,600, which is a figure used for property tax calculation and is typically far below market value. Do not confuse this with an appraised market value or expected sale price; recent sales of comparable homes in Glenelm are the best guide.
4. Is the property a good investment?
Its below-average size and assessed value suggest a lower entry cost. Long-term value will depend on the broader Glenelm market trends and the condition of the home's major systems (roof, wiring, plumbing), given its 1913 build date. The renovated basement could add functional value.
5. What are the less obvious considerations?
Consider the efficiency of the compact floor plan for daily living. Also, while the lot is average for the street, it is below the citywide average, so outdoor space is limited. Finally, research any future area development plans, as mature neighbourhoods can see infill projects that affect streetscapes and property values.