Property Overview: 83 Hespeler Avenue, Glenelm, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Glenelm presents a practical and character-filled opportunity. Built in 1945, it offers 1,306 sqft of living space, which is notably above average for its immediate street and neighbourhood. A renovated basement and a detached garage add functional value. The data suggests a home that has been maintained and updated over time, as its assessed value ranks above average locally. Its appeal lies in its established, quiet residential setting, with a house size that offers more room than many nearby comparables without being oversized. The lot is a manageable city size, typical for the area.
This property would suit a buyer looking for a move-in ready home in a mature neighbourhood who values space and character over a brand-new build. It’s particularly well-suited for someone who appreciates a home with a sense of history and solidity, but with some modern updates already in place. A thoughtful perspective is that while the home is older, its 1945 build date is actually newer than many in Glenelm, potentially meaning fewer extreme age-related concerns than some neighbours. Its consistent value growth, as indicated by its sold price history, also points to a stable investment in a sought-after locale.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others in Glenelm?
At 1,306 sqft, the living area is above the neighbourhood average, placing it in the top 31% of comparable Glenelm homes. You get more interior space than is typical for the area.
2. What is the significance of the assessed value being $25.20k?
This assessed value is above average for Hespeler Avenue and around the neighbourhood average for Glenelm. It’s important to note that assessed value for municipal taxation is different from market value, but it indicates the home is considered a higher-value property within its immediate context.
3. What can the sold price history tell me?
The home sold in May 2023 and previously in November 2017. The price increased between those sales, and both selling prices ranked above the city-wide average for their time, suggesting a history of solid value retention and demand.
4. Is the lot size a constraint?
The 3,149 sqft lot is very typical for Glenelm and on Hespeler Avenue, ranking right around the median. It provides a standard city yard for gardening or outdoor space but is not an exceptionally large parcel.
5. The home was built in 1945. What should I consider?
While 81 years old, this home is newer than the average house in Glenelm. This could imply updates to foundational systems may have already occurred, but a thorough inspection is always recommended to understand the condition of the roof, wiring, plumbing, and insulation.