Property Overview & Appeal
10 Humboldt Avenue is a compact, one-storey home in Winnipeg's Glenwood neighbourhood. Built in 1919, its key characteristic is its modest scale, with 840 sqft of living space and a detached garage. The lot size is a typical 4,493 sqft for the area. The home’s assessed value is notably below averages for the street, neighbourhood, and city, indicating a potentially lower entry point.
Its appeal lies in its simplicity and opportunity. It suits a first-time buyer, an investor, or someone seeking a downsized, low-maintenance footprint without a basement. The below-average assessment for the area suggests room for value growth through updates, making it a practical canvas. A thoughtful perspective is that its age and size position it as an efficient, manageable property in a mature neighbourhood, appealing to those prioritizing location and lot over square footage. It’s likely best for a buyer comfortable with a home that requires personalization and who values character and potential over modern finishes and size.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects factors like the home's age (1919), smaller living area, and the absence of a finished basement. It's assessed consistently as one of the lower-valued properties on its street and in Glenwood.
2. What does the sold price history indicate?
The home sold in June 2022 for an estimated range of $265,000 to $295,000. This past sale price, relative to its current assessed value, is a key data point for understanding the local market's valuation of the property.
3. Is the lack of a basement a significant drawback?
It depends on your needs. It limits storage and potential for a secondary suite, but it also eliminates concerns about basement moisture, flooding, or renovation costs, which can be appealing for minimalists or those seeking simplicity.
4. How does the living space compare to nearby homes?
At 840 sqft, it's smaller than the average home in Glenwood (~1,015 sqft) and significantly smaller than the Winnipeg average. This confirms it's a compact, efficient layout.
5. What is the neighbourhood context of Glenwood like?
Glenwood is an established, central neighbourhood. The home's metrics are generally around or below average for the immediate area, suggesting it's in a section with older, more modestly sized homes rather than the larger, renovated properties that may exist elsewhere in the community.