108 Stranmillis Avenue

Property Overview: 108 Stranmillis Avenue

Section 1: Key Characteristics & Appeal

This one-storey home in Glenwood is defined by its practicality and potential. Built in 1945, it offers a modest 706 sqft of living space, which is below average for the area, suggesting a cozy, low-maintenance footprint. A key feature is its renovated basement, adding functional space. The detached garage and a slightly larger-than-average lot for the street (over 5,000 sqft) provide valuable outdoor and storage flexibility not always found with homes of this size.

The primary appeal lies in its position as an accessible entry point into the Winnipeg market. With a historically lower assessed value and sold prices compared to broader city averages, it represents a relative value. It suits first-time buyers, downsizers, or investors seeking a straightforward property with a solid lot size. The renovated basement is a significant plus, immediately adding utility. A thoughtful perspective is that its smaller size and older vintage could appeal to those interested in energy-efficient retrofits or a personalized renovation over time, using the existing structure and generous lot as a canvas.

Section 2: Frequently Asked Questions

1. Is the price reflective of a "fixer-upper" condition?
Not necessarily. The listing notes a renovated basement, indicating some updates have been made. The price and assessed value are likely more reflective of the home's smaller size and age relative to the current market.

2. How does the lot size compare to neighbouring properties?
The land area of 5,094 sqft is above the average for both Stranmillis Avenue and the Glenwood neighbourhood, which is a distinct advantage for this property, offering more outdoor space than typical nearby homes.

3. What does the sold price history indicate?
The home has sold twice in recent years (2022 and 2025). The increase in sale price range between those dates suggests a rising market trend or value-added improvements, but it remains priced below the city-wide average for sold homes.

4. Who might this property not suit?
It may not suit buyers looking for a large, modern, turn-key home with ample above-ground square footage or multiple bedrooms. The living area is notably compact.

5. Are the property taxes likely to be high?
Given its assessed value is consistently below local and city averages, the municipal property taxes should be comparatively lower, which is a key ongoing cost advantage.