Property Overview: 126 Essex Avenue, Glenwood, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1919, presents a classic Winnipeg character property with distinct practical advantages. Its primary appeal lies in a rare combination of generous space and a premium lot. At 1,295 sqft, the living area is notably above average for both the immediate street and the broader Glenwood neighbourhood. The standout feature, however, is the land: at over 5,000 sqft, the lot size ranks in the top 1% on Essex Avenue, offering exceptional outdoor space potential in a mature area.
The home suits buyers who value space and possibility over immediate turn-key perfection. It features a detached garage and a full, unrenovated basement, presenting a solid foundation for customization. The assessed value is modest relative to the city-wide average, which, combined with the lot size, suggests a property where value may be found in the land and the structure's inherent capacity. This is an ideal match for a handy buyer looking to put their own stamp on a home, a family seeking a large yard, or an investor attracted by the underlying land value in a well-established community.
Frequently Asked Questions
1. What does "unrenovated basement" typically mean for a house of this age?
It generally indicates the basement is in original or functional condition, but not modernized. Expect a concrete floor, basic finishes, and older mechanical systems (like the furnace or plumbing). It represents both a cost-saving on the purchase price and a clear opportunity for future finishing or utility upgrades.
2. The sold prices from 2016 and 2023 seem low. Are these accurate?
The figures shown are estimated ranges from public data. For exact historical sale prices, you can request them via the provided email service. The listed prices are consistent with the home's current assessed value, which is positioned below the Winnipeg city-wide average.
3. How significant is the large lot size?
Very significant in an older neighbourhood. A 5,164 sqft lot is a substantial asset, offering ample space for gardening, recreation, additions like a deck or shed, and even future development potential (subject to zoning bylaws). It's a feature that is increasingly difficult to find in central areas.
4. The home is older than most in Glenwood. Should I be concerned?
A 1919 build requires a focus on maintenance and systems. A thorough inspection is essential to check the foundation, roof, wiring, and plumbing. The "character" of an older home comes with the responsibility of upkeep, but also often includes solid construction materials and design details no longer common.
5. The living area is above average, but the assessed value is around average for the street. Why?
This suggests the official assessment may place more weight on the home's age and condition than on its total square footage or the premium lot size. For a buyer, this can indicate a market opportunity where the usable space and land may not be fully reflected in the taxable value or asking price.