Property Summary: 110 Bank Avenue, Glenwood, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1951, offering a practical and affordable entry point into Winnipeg's Glenwood neighborhood. With 786 square feet of living space, it is notably smaller than the average city home, which positions it as a low-maintenance option. Its key updated feature is a renovated basement, adding functional space. The property sits on a just-under 5,000 sqft lot, which is a generous size for the area and presents a clear opportunity for expansion, gardening, or outdoor living relative to the home's footprint.
The primary appeal lies in its value and potential. With an assessed value significantly below the city average, it represents an accessible investment. It suits first-time buyers seeking a foothold in the market without a massive mortgage, downsizers looking to reduce living space and maintenance, or investors interested in a property with a strong land-to-building ratio. The recent sale in 2024 suggests a refreshed and market-ready condition. A thoughtful perspective is that its smaller size and lower taxes could afford a new owner greater financial flexibility for customization or lifestyle, while the mature neighborhood offers established community character.
Frequently Asked Questions
1. How does the home's size compare to others?
At 786 sqft, the living area is below average for both the Glenwood area and Winnipeg overall. This indicates a cozy, efficient layout that prioritizes lower utility costs and upkeep.
2. What does the assessed value tell me?
The assessed value is around average for its immediate street and neighborhood but is well below the citywide average. This typically suggests a more affordable tax burden and a price point that is competitive within its local context.
3. Is the lot size a positive feature?
Yes. The lot is nearly 5,000 sqft, which is above average for Glenwood. This means the property offers more outdoor space than many of its neighbors, providing room for additions, a large garden, or private outdoor recreation.
4. The home sold recently in 2024. What does that imply?
A very recent sale usually indicates the property has already been through the modern market process, likely meeting standard conditions for financing and inspection. It can provide a clear, current benchmark for its market value.
5. What is not included with this property?
The listing shows no garage and no pool. Parking and recreational amenities would need to be considered separately. The renovated basement is a noted feature, but the specific scope and quality of that renovation should be verified.