Property Summary: 122 Humboldt Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 988 sqft bi-level home at 122 Humboldt Avenue in Glenwood presents a practical and value-oriented opportunity. Built in 1975, its key strength lies in its above-average positioning within its immediate neighbourhood. It features a renovated basement, a detached garage, and sits on a 5,100 sqft lot that is notably larger than most on its street.
The appeal here is grounded in solid fundamentals rather than luxury. The home's assessed value ranks significantly above average for both Humboldt Avenue and the wider Glenwood area, suggesting it is viewed as a substantial asset relative to its local peers. The generous lot size offers valuable outdoor space and future potential in a city where lot size often dictates long-term value. This property would suit a first-time buyer, an investor, or a downsizer looking for a manageable home with a strong foothold in a stable neighbourhood. It’s a home for someone who prioritizes a good lot, a recently updated basement, and statistical value within the community over sheer square footage or modern finishes.
Section 2: Frequently Asked Questions
1. How does the living area compare to other homes?
At 988 sqft, the living space is above average for Humboldt Avenue and typical for the Glenwood neighbourhood, but below the city-wide average. It offers efficient, manageable space.
2. Why is the assessed value so much higher than the recent sold price range?
The assessed value ( $39.10k ) is for municipal tax purposes and reflects the property's value relative to others. The sold price ( ~$29.50k - $32.50k in late 2023) is the market price from its last sale. The higher assessment indicates the city views this as a well-above-average property for its street and area, which can be a positive indicator of underlying value.
3. What does the "above average" ranking for the lot size mean?
The 5,100 sqft lot ranks in the top 9% on Humboldt Avenue and top 28% in Glenwood. This means you're getting significantly more land than most comparable properties in the immediate area, which is a key asset.
4. Is a 1975 build considered old for this area?
No. With a build year of 1975, this home is newer than most on its street and in Glenwood, where many homes are from the 1950s. It ranks in the top 20% for year built in the neighbourhood.
5. Who might this property not be suitable for?
It may not suit buyers seeking a large, modern interior footprint or those wanting a brand-new home. The bi-level style and modest square footage are best for those comfortable with efficient, functional living spaces.