Property Overview: 72 Hart Avenue, Glenelm, Winnipeg
Key Characteristics & Appeal
This is a classic two-storey home built in 1912, offering a grounded opportunity in Winnipeg's Glenelm neighbourhood. With 1,104 sqft of living space and a 3,274 sqft lot, its size is squarely average for the immediate area, presenting a manageable footprint. The home features a detached garage and a basement that is noted as being unrenovated. Its assessed value is modest relative to the broader city, suggesting a potentially accessible entry point.
The appeal lies in its established location and proportional scale. It suits a pragmatic buyer—perhaps a first-time homeowner or an investor—who values character and location over modern finishes and is prepared for the realities of an older home. The unrenovated basement represents a clear project, but also a blank slate for future customization. A thoughtful perspective is that this property isn't competing with new builds; its value is in offering a solid, no-frills foundation in a mature neighbourhood where the buyer's own improvements can directly translate into increased equity over time.
Frequently Asked Questions
1. What does "basement not renovated" typically imply?
It means the basement is in original or utilitarian condition, likely with concrete floors, basic walls, and older mechanical systems. It’s functional space but will require investment to modernize or finish.
2. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is often lower than market value. The last recorded sale was in 2016, so the current market price will be influenced more by recent neighbourhood sales and condition.
3. Is the lot size a pro or a con?
At just over 3,000 sqft, the lot is smaller than the Winnipeg average but typical for Glenelm. It provides manageable outdoor space with less maintenance, but limited room for major expansions.
4. What are the considerations with a 1912 build?
Expect character details but also the need for diligent inspection. Key systems like wiring, plumbing, and insulation may have been updated over time, but their current state and compliance with modern standards should be verified.
5. Who are the most likely neighbours?
Based on nearby properties, you’ll be among a mix of similar early-20th-century homes, suggesting a stable, established streetscape with neighbours who likely value the area's history and community feel.