Property Overview: 116 Imperial Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home built in 1937 in the Glenwood neighbourhood. Its primary appeal lies in its value proposition and land potential. At 746 sqft, the living space is compact and below average for the area, and the basement is unrenovated. There is no garage or pool. However, the property sits on a notably larger-than-average lot for its immediate street (over 5,000 sqft), which is a significant asset.
The home suits practical, value-focused buyers. It’s ideal for a first-time homeowner comfortable with a smaller footprint or a DIY enthusiast looking for a project with a solid land base. Investors may also see it as a potential redevelopment opportunity due to the lot size, or as a long-term rental property given its low assessed value. Its below-average metrics in size and assessment suggest an accessible entry point into the Winnipeg market, with the land offering a less obvious but tangible form of future equity.
Section 2: Frequently Asked Questions
1. What is the actual recent sale price?
The available public data indicates a sale occurred in October 2019 for an estimated range of $18.5k to $21.5k. For the precise sale price, you can request it directly via email from the listing source.
2. Is the house in need of major updates?
Given its age (1937) and the note of an unrenovated basement, buyers should anticipate typical maintenance and potential updating for an older home. The condition of major systems (roof, plumbing, electrical) should be a priority for inspection.
3. How does the large lot size benefit me?
The lot is a standout feature. It provides ample outdoor space for gardening, recreation, or storage. More significantly, it offers future flexibility—whether for adding an extension, creating secondary suite potential (subject to zoning), or simply holding land value in a mature neighbourhood.
4. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property’s specific characteristics: its small, older living space and lack of renovations. Assessments are based on market value for taxation, and this property compares to others of similar size and condition, not to newer or larger homes city-wide.
5. What are the realistic comparisons for this property?
The listing provides "similar assessed value" comparisons, which are useful for understanding tax brackets, but may be in different neighbourhoods. For a true sense of value, focus on recent sales of similar-sized bungalows on standard lots within Glenwood and adjacent areas, rather than city-wide averages.