Property Overview: 128 Bank Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Glenwood neighborhood, built in 1952. With 696 sqft of living space, it is notably smaller than most homes in the area and city-wide, positioning it as a minimalist or entry-level option. Its key updated feature is a renovated basement, adding functional space, and it includes a detached garage. The lot is a standard size for the street at just under 5,000 sqft.
The primary appeal lies in its efficiency and lower maintenance footprint. The renovated basement effectively expands the usable space beyond the modest main floor, making it practical for its size. For the right buyer, its below-average size translates to lower utility costs and less upkeep. It suits first-time homebuyers seeking an affordable entry into the market, downsizers looking to simplify without losing a full basement and garage, or investors considering a straightforward rental property. A thoughtful perspective is that its older build date (1952) is actually above average for its immediate area, suggesting it sits among the more established homes on the block, which can appeal to those valuing mature neighborhoods.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 696 sqft, the living area is below the average for Glenwood (approx. 1,015 sqft) and significantly below the Winnipeg city average. This makes it one of the more compact homes in the broader market.
2. What is the property's assessed value?
The assessed value is $28,500. This is around the average for Bank Avenue and the Glenwood area but is below the city-wide average for homes.
3. What are the most recent sale details?
The home sold in September 2022 for a price range estimated between $25,500 and $28,500. For the precise sale price, you can request the information directly via the listing site.
4. What are the standout features of this property?
The key features are the renovated basement, which adds modernized living space, and the detached garage. The lot size is also standard and manageable for the neighborhood.
5. Who would this home be a good fit for?
It's well-suited for first-time buyers prioritizing affordability, empty-nesters looking to downsize without moving to a condo, or investors seeking a lower-priced asset with rental potential. Its size may not suit those needing multiple bedrooms or significant main-floor living space.