Property Overview: 73 Hart Avenue, Glenelm, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1910, presents a classic character home opportunity in the established Glenelm neighbourhood. With 1,280 sqft of living space, it offers more room than many comparable homes on its street and within the area. A key standout is its assessed value, which ranks notably high for both Hart Avenue and Glenelm, suggesting a perception of solid value or potential within its immediate context. The lot size is also generous for the street.
The appeal lies in its position as a largely blank canvas. The basement is noted as unrenovated, there is no garage, and the home’s age implies a need for updates, making it a clear candidate for a value-add project. It would suit a hands-on buyer, an investor looking for a character property to renovate, or a first-time purchaser comfortable with a home that requires personalization and modernization. The data suggests its strengths are relative to its specific, mature neighbourhood rather than the city at large, offering a chance to own a proportionally larger home on a good-sized lot in a quiet, tree-lined area.
Frequently Asked Questions
1. Why is the assessed value ranked so high locally but low citywide?
This highlights how property values are hyper-local. The assessment ranks well against its immediate peers on Hart Avenue and in Glenelm, which consist of older, character homes. The citywide comparison includes all property types and newer areas, making the ranking less relevant for a buyer specifically interested in this neighbourhood's market.
2. What does "one & 3/4 storey" mean for the layout?
Typically, this style features a main floor and a second floor where the ceilings slope with the roofline, often creating cozy bedrooms or unique spaces in the top half-storey. It’s a classic design for homes of this era.
3. The home sold in 2019. What can that price tell me?
The listed sold price range from 2019 provides a historical benchmark, but it reflects the pre-renovation state of the home from over five years ago. Market conditions and any changes since then will be the primary drivers of its current value.
4. Is the lack of a garage a significant drawback?
For this property type and neighbourhood, it is common. The lot size may allow for the future addition of a garage or shed, subject to local bylaws. Buyers should consider on-street parking availability and their personal storage needs.
5. What are the immediate priorities for investment?
Given the age and the unrenovated basement, a thorough inspection is essential. Priorities will likely include foundational integrity, roof, wiring, and plumbing. The basement condition presents both a challenge and an opportunity to add modern living or utility space.