Property Overview
This 846 sqft one-storey home, built in 1931, sits on a 3,563 sqft lot in Glenelm. It features a detached garage and a basement that is present but not renovated. The home last sold in late 2019. Its appeal lies in its position as a relatively affordable entry point into a mature neighbourhood. The assessed value is notably strong for its immediate street, suggesting the property holds its value well in a local context. It would suit first-time buyers, downsizers, or investors looking for a classic, no-frills character home with solid fundamentals and room for gradual updates. A thoughtful perspective is that while the living space is modest, the above-average lot size for the area offers valuable outdoor potential and a sense of space not always found in homes of this era.
Frequently Asked Questions
What does the assessed value ranking actually mean?
While the home’s assessed value is below the Winnipeg city average, it ranks in the top 24% on its own street. This indicates the property is considered a stronger performer within its most immediate and relevant market context.
Is the living area too small?
At 846 sqft, the living area is below the neighbourhood and city averages. This makes it a compact, efficient layout best suited for individuals, couples, or small families. The trade-off is often a more manageable maintenance footprint and lower utility costs.
What is the significance of the lot size?
The lot is 3,563 sqft, which is above average for both the street and Glenelm. This is a key asset, providing more private outdoor space than many comparable properties and offering potential for gardening, expansion, or adding a patio or deck.
The basement is noted as "not renovated." What should I expect?
This typically indicates an original or utility-style basement with foundational systems in place. It presents both a project and an opportunity: it will require investment to finish as living space, but it also allows a new owner to customize it to their needs without undoing a previous renovation.
How does the 1931 build year affect the home?
Built in 1931, the home has character common to its era but will likely require attention to aging components like wiring, plumbing, and windows. Its above-average ranking for year built in Glenelm suggests it is actually newer than many neighbourhood homes, which can be a slight advantage.