Property Overview
109 Humboldt Avenue is a modern, two-storey home in Winnipeg's Glenwood neighborhood. Built in 2020, it stands out as a newer construction on a street and in an area dominated by much older homes. With 1,392 sqft of living space, it offers above-average roominess for the immediate area. The home features a renovated basement and sits on a modest, city-typical lot. Its assessed value is notably high relative to its neighbors, reflecting its new condition and size.
Key Characteristics & Appeal
This home’s primary appeal is its modernity within an established neighborhood. Buyers get the benefits of a recent build—like contemporary layouts, energy efficiency, and minimal immediate maintenance—without being in a new subdivision. The renovated basement adds functional living space. Its living area is generous for Glenwood, making it ideal for small families, professionals needing a home office, or anyone seeking a move-in-ready property without the quirks of an older house.
The data reveals a thoughtful perspective: this property represents a value anomaly on its street. It ranks in the top 2% for assessed value on Humboldt Avenue, not because it's overpriced, but because it’s a clear outlier in quality and age among its peers. It suits a buyer who prioritizes a modern, low-maintenance home and is less concerned with having a large yard. The trade-off is clear: you acquire a significantly newer and larger interior space, but on a lot that is smaller than most in the area.
Frequently Asked Questions
Q: How does such a new home exist in a neighborhood of older houses?
A: It’s likely a infill development, where an older property was replaced. This is increasingly common in established city neighborhoods, offering a blend of new construction convenience with mature community character.
Q: The assessed value seems high compared to nearby homes. Why?
A: Municipal assessments factor in the year built, size, and condition. As a 2020 build with above-average living area, its assessed value logically exceeds that of the surrounding, smaller homes built decades ago.
Q: What does the "renovated basement" include?
A: The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or listing agent to understand if it’s a finished living space, a suite, or a utility area.
Q: Is the lack of a garage a drawback?
A: It depends on your needs. Many older Winnipeg neighborhoods have homes without garages, relying on street parking. For some buyers, this is a fair trade for the home's modernity and location. It’s wise to assess on-street parking availability.
Q: The sold price history shows a significant increase between 2021 and 2022. What happened?
A: The home was initially sold as a new construction in early 2021. The sale in mid-2022 likely represents its first re-sale, with the price increase reflecting the updated market value after the initial purchase.