Property Overview & Key Characteristics
This one-storey home at 11 Ellesmere Avenue in Winnipeg's Glenwood neighbourhood is a compact, century-old property with a distinct profile. Its key appeal lies in its position as an entry-point property, offering one of the most accessible price points in the city, as evidenced by its assessed value ranking in the bottom 6% citywide. With 734 sqft of living space and an unfinished basement, it is a modest-sized home, smaller than most in its immediate area.
The house suits a specific type of buyer: those seeking absolute minimal property taxes, investors looking for a low-cost holding property, or handy individuals viewing it as a blank-slate project. Its 1924 vintage means potential character but also implies a need for thorough inspection regarding aging systems. A less obvious perspective is its lot size: at 2,667 sqft, the land is closer to average for its own street, suggesting the value may be more tied to the structure's condition. The recent sale history indicates a very stable, low-value market for this specific home.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's modest size, age, and likely the condition of the home relative to the broader market. It is characteristic of one of the most affordable segments of Winnipeg's housing inventory.
2. What does the "unfinished basement" mean for potential living space?
The basement is present but not renovated, offering utility or storage space as-is. Any development into living area would require a significant investment and proper permits, but it does provide future expansion potential.
3. Who would this property be most suitable for?
It is best suited for budget-focused buyers prioritizing low ongoing costs, investors comfortable with a low-value asset, or renovators with the skills to update an older home. It is less suited for those seeking move-in-ready finishes or more space.
4. How does this home compare to others on Ellesmere Avenue?
The data shows it is around average for lot size but below average for living area, assessed value, and year built on its own street. This indicates it is one of the smaller and older homes on the block.
5. The sold price history shows a very tight range. What does that indicate?
The minimal fluctuation in recent sold prices suggests a property with a very stable, established market value in a niche segment, with little speculative pressure or dramatic appreciation.