82 Cobourg Avenue

Property Overview: 82 Cobourg Avenue, Glenelm, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1931, presents a classic Glenelm character home with practical updates. Its key appeal lies in its strong position within a desirable, established neighbourhood. At 1,072 sqft of living space, it is a comfortably sized home for individuals, couples, or small families. A significant feature is the renovated basement, which adds valuable functional space. The property includes a detached garage, a notable asset for storage or vehicle parking in this area.

The home’s standout characteristic is its assessed value, which ranks above average for both its street and the broader Glenelm area, suggesting it is viewed favorably relative to its immediate peers. While the lot size is modest compared to city-wide averages, it is typical for the neighbourhood. This property would best suit a buyer looking for a move-in-ready character home without the extensive renovation projects often associated with older properties. It appeals to those who value a sense of community in a mature neighbourhood with tree-lined streets, and who prioritize a home that has been maintained and updated over sheer square footage.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to recent sale prices?
The home was last sold in July 2022 for an estimated range of $265k-$295k. Its current assessed value of $271k sits within that recent sale range, indicating a stable valuation.

2. Is the lot size a limitation?
At just under 3,000 sqft, the lot is below the Winnipeg average but is typical for Glenelm. It offers a manageable yard with lower maintenance, which can be an advantage for many buyers, though it may not suit those seeking extensive outdoor space for gardening or expansion.

3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, ceiling height, moisture control, and whether it includes a legal secondary suite or additional living space.

4. How does this home rank for its age?
Built in 1931, this home is actually newer than many on its street and in Glenelm, ranking in the top 25% locally. This can be a positive indicator, potentially meaning fewer issues associated with very early 20th-century construction.

5. What are the implications of a detached garage?
A detached garage provides valuable storage and parking but requires going outdoors to access the main house—a consideration during Winnipeg winters. It may also offer more flexibility for a workshop or future laneway suite development, subject to zoning.