Property Overview
126 Stranmillis Avenue is a modern, two-storey home in Winnipeg's Glenwood neighbourhood. Built in 2024, it stands out for its new construction and above-average living space in an area dominated by much older homes. The property features a renovated basement and 1,465 sqft of living area. It sits on a 2,550 sqft lot, which is compact relative to area norms. The home's assessed value is notably high for its immediate surroundings, reflecting its new condition and size.
Key Characteristics & Appeal
The primary appeal of this home lies in its rarity as a new build in an established neighbourhood. Its living space is in the top 10% for Glenwood, offering more room than most local comparables. The fully renovated basement adds functional living area. Its assessed value ranks in the top 1% on its own street and top 6% in the neighbourhood, indicating it is viewed as a premium property locally.
This property would best suit buyers looking for modern construction without leaving a mature community, and who prioritize low-maintenance, move-in-ready living over a large yard. It’s also a strong candidate for someone seeking a home with immediate equity, as its metrics suggest it outperforms most neighbouring properties in key value categories. The compact lot means less outdoor upkeep, which could appeal to professionals or small families.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessed value of $53,900k is significantly higher than neighbouring properties because the home was built in 2024. As a new construction with modern finishes and systems, it carries a premium over the area's older, often smaller homes.
2. What does the "renovated basement" include?
The listing specifies the basement is renovated, meaning it is finished as livable space. This adds to the total functional square footage of the home, though specific details on rooms or finishes should be verified with the seller.
3. Is the lack of a garage or a smaller lot a concern?
The property has no garage and the lot is smaller than the neighbourhood average. This is a trade-off for the new construction and larger living area. Buyers who value a modern home with less yard maintenance may find this acceptable, but those needing significant storage or outdoor space should take note.
4. How does the recent sale price compare to the assessment?
The home sold in June 2024 for between $54,500k and $57,500k. This sale price range aligns closely with its current assessed value, suggesting the assessment is in line with recent market activity.
5. What are the property taxes likely to be?
With an assessed value in the top tier for the area, property taxes will be correspondingly higher than for older, lower-valued homes on the same street. An exact tax estimate can be obtained from the City of Winnipeg using this assessment.