Property Overview: 112 Bank Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home in Glenwood presents a practical and straightforward opportunity. Its primary appeal lies in being a modest, established property on a generous lot. At 778 sq ft, the living space is compact, ranking below average for both the neighborhood and the city, suggesting a focus on essentials or a manageable footprint. The renovated basement adds valuable functional space. A key, less obvious strength is the land: at nearly 5,000 sq ft, the lot size is above average for the immediate street and area, offering more outdoor space than many comparable properties. Built in 1947, it is typical for the area.
This home would suit first-time buyers or downsizers seeking an entry point into the market with lower maintenance. It’s also a candidate for a long-term holder who values the potential of the lot size over the current interior square footage. The detached garage and renovated basement add practical utility for storage, hobbies, or flexible living arrangements.
Frequently Asked Questions
1. How does the home's size compare to others?
At 778 sq ft, the living area is smaller than the average home in Glenwood and Winnipeg overall. However, it is closer to the average size for other homes specifically on Bank Avenue itself.
2. What is the significance of the lot size?
The lot of 4,997 sq ft is a standout feature. It is larger than the average lot on Bank Avenue and in the Glenwood area, providing more private outdoor space than many similar properties.
3. Is the assessed value a reliable indicator of the sale price?
The assessed value is for municipal tax purposes and is not a direct appraisal of market value. It can be a rough benchmark, but sale prices are determined by current market conditions.
4. What can recent sales on the same street tell me?
Nearby sales, like those at 110 and 106 Bank Avenue, provide the most relevant context for understanding the price range and demand for very similar properties in this specific location.
5. How can I find out the exact historical sale prices?
The exact sold prices are not publicly displayed in detail here. You can request this information via email from the source; they provide it manually without using your email for unsolicited marketing.