Property Overview: 106 Guay Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Glenwood neighborhood, built in 1917. With 820 square feet of living space and a 2,585 sqft lot, it sits below the city averages for both size and assessed value. The home features a detached garage and a basement that is present but not renovated.
Its primary appeal lies in its position as an accessible entry point into the housing market. The very low assessed value and historically modest sale price suggest it is one of the most affordable detached properties available. This isn't a move-in-ready showpiece; its value is in the land, the location, and the opportunity it presents. It would suit a practical, hands-on buyer—perhaps a first-time homeowner willing to take on gradual updates, an investor looking for a rental property with a low acquisition cost, or someone seeking to minimize their property tax burden while building equity. A less obvious perspective is that its smaller scale and lot size translate to lower maintenance costs and less upkeep, which can be a significant long-term benefit for those looking to simplify.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on factors like the home's age, size, condition, and recent sales of comparable properties. For this specific home, its smaller square footage, older age, and an unrenovated state contribute to an assessment that is significantly below the Winnipeg average, which reflects its current market position.
2. What does "below average" in the rankings mean for a buyer?
These rankings compare this home to others on its street, in Glenwood, and citywide. Being "below average" in metrics like living area and assessed value directly indicates this is a more modest and affordable property. It's not competing with larger, updated homes, but rather represents a specific, budget-conscious segment of the market.
3. Is the basement usable?
The listing confirms a basement exists but specifies it is "not renovated." Buyers should anticipate it being in original or utility condition, and will likely need to budget for any finishing or significant improvements to make it a comfortable living space.
4. How recent is the sale price history?
The most recent recorded sale appears to be in August 2023, with a price range between $19.5k and $22.5k. This recent sale is consistent with the home's low assessed value.
5. What are the implications of a 1917 build date?
A home from 1917 offers classic character but requires diligent attention. Prospective buyers must prioritize a thorough inspection to understand the condition of fundamental systems like wiring, plumbing, and the foundation. While this brings potential costs, it also allows for customization to modern standards over time.