Property Overview: 77 Riverton Avenue, Glenelm, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1907, presents a classic Glenelm character home with practical updates. Its key features include a renovated basement and a detached garage. With 1,101 sqft of living space and a 3,754 sqft lot, the home offers a comfortable footprint that is notably above average for lot size within the Glenelm neighborhood itself.
The appeal lies in its position as a solid, established home in a sought-after area, offering the charm of an older property with the benefit of some modernized elements. The assessed value of $190k is significantly below both the neighborhood and city-wide averages, which may indicate a value opportunity or reflect the home’s age and condition relative to the market. It suits buyers looking for an entry point into a mature neighborhood like Glenelm, who appreciate historic charm and are potentially prepared for the maintenance that comes with a century-old home. It would also appeal to value-conscious buyers prioritizing location and lot size over a modern, turn-key property.
Frequently Asked Questions
1. Is this a good value based on the assessed value?
The assessed value ($190k) is well below averages for both Glenelm and Winnipeg. This can signal a value purchase, but it’s essential to understand why. It likely reflects the home’s age (1907) and potentially its condition or features compared to newer or fully renovated homes in the area.
2. What does the "renovated basement" entail?
The listing notes a renovated basement, but the scope and quality are unspecified. It’s a key question for understanding the home’s usable living space and whether the renovation was cosmetic (e.g., finishing) or included foundational updates like moisture control and insulation.
3. How does the lot size compare?
The lot is a standout feature for the neighborhood. At 3,754 sqft, it’s larger than most in Glenelm, offering more outdoor space than typical for the area, which is a significant advantage for gardening, recreation, or future expansion.
4. What should I consider with a home from 1907?
While full of character, a 119-year-old home requires careful attention. Prospective buyers should prioritize inspections for the foundation, roof, wiring, plumbing, and insulation. Historical charm often comes with ongoing maintenance and potential need for system updates.
5. Why is the last sold price range so low?
Public records show a sale in 2019 for between $155k and $185k. Such a range and price point, significantly below the current assessed value, could indicate a prior estate sale, a quick sale, or a property in need of substantial work at that time. Requesting the exact sold price history from the site is recommended for clarity.