Property Overview: 112 Imperial Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Glenwood neighborhood, built in 1923. With 610 square feet of living space and a 2,550 sqft lot, it is notably smaller than most homes on its street, in the area, and across the city. It features a basement (not renovated) and a detached garage. The property's assessed value is significantly below average at $21,900, reflecting its modest size and vintage.
Its primary appeal lies in its position as one of the most accessible entry points into homeownership in the city. The very low property taxes, resulting from the low assessment, are a standout financial benefit. It suits a specific buyer: someone seeking absolute minimal carrying costs, a hands-on investor looking for a straightforward rental property, or a purchaser willing to live minimally while investing sweat equity. A less obvious perspective is its potential as a "land bank" purchase—the lot, while smaller than average, holds value in a mature neighborhood, and the existing structure provides immediate utility while one plans for the future.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessment is primarily based on the home's very small size (610 sqft) and age (1923) compared to the typical Winnipeg home, which results in significantly lower property taxes.
2. What does "below average" in the rankings mean for a buyer?
For key metrics like living area and lot size, it confirms this is a compact property. For assessed value, it directly translates to lower annual property taxes, which is a key advantage for budget-conscious owners.
3. Is the basement usable?
The listing notes the basement exists but is "not renovated." Buyers should anticipate it as unfinished utility space and budget for any desired improvements, following a professional inspection for moisture and structural integrity.
4. Who would this property not suit?
It would not suit buyers needing multiple bedrooms, ample storage, or modern, open-concept living spaces without undertaking a major expansion or rebuild. Growing families or those who work from home may find it too confined.
5. How reliable are the sold price ranges shown?
The ranges are based on public data. For precise historical sale figures to inform your offer, you must request the exact sold price history via email from the listing service, as they manually provide that detail.