Property Overview: 112 Guay Avenue, Glenwood, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Glenwood presents a practical and straightforward opportunity. Its key characteristic is its renovated basement, adding valuable finished space to the 816 sqft main floor. The property sits on a standard city lot with a detached garage. Built in 1933, the home is of a mature vintage typical for the area.
The appeal lies in its relative affordability and solid positioning within its immediate community. While the living space is modest compared to city-wide averages, it is quite typical for Glenwood and even above average for Guay Avenue itself. This suggests the home offers fair value within a stable, established neighbourhood. The recent basement renovation is a significant functional upgrade.
This property would best suit first-time buyers or downsizers seeking a manageable, single-level layout in a no-fuss neighbourhood. It’s also a sensible fit for value-oriented investors or buyers who prioritize a renovated space and a decent lot size over a large interior footprint. A less obvious perspective is that its "average" metrics within the local context indicate a lower risk of overpaying compared to more outlier properties, offering a stable entry point into the market.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 816 sqft of living area, this home is slightly smaller than the average on its own street (1,063 sqft) but is very close to the average for the broader Glenwood neighbourhood (1,015 sqft).
2. What is the property’s assessed value, and how does it compare?
The assessed value is $290,000. This is around the average for both Guay Avenue and the Glenwood area, but below the average for the entire city.
3. Has the property been sold recently?
Yes, according to available data, it sold in May 2023 for an estimated range of $325,000 to $355,000, and previously in July 2017 for an estimated $235,000 to $265,000.
4. What is the lot size?
The land area is 3,877 sqft, which is typical for the street and the Glenwood neighbourhood, though smaller than the much larger average lot size city-wide.
5. The home was built in 1933. Should I be concerned?
The age is typical for the area—many homes on Guay Avenue and in Glenwood are from the mid-20th century. A thorough inspection is always recommended to understand the condition of major systems, but the renovated basement is a positive, more modern update.