Property Overview: 128 Stranmillis Avenue, Glenwood
Key Characteristics & Appeal
This is a compact, one-storey home built in 1948, offering 762 sqft of living space with a renovated basement. Its standout feature is the 5,100 sqft lot, which is notably larger than most in the immediate area and provides valuable outdoor space or future potential. The home presents as a solid, average-value proposition within the Glenwood neighbourhood, with an assessed value that aligns with local norms. Its appeal lies in this balance: it’s a manageable, updated starter home situated on a generous parcel of land—a combination that is increasingly rare. It would suit first-time buyers, downsizers, or practical investors looking for a footprint with room to breathe or expand, without the premium price of a larger house. A thoughtful perspective is that while the living space is modest, the significant lot size offers a tangible asset of land, which can provide long-term flexibility that a larger home on a small lot cannot.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 762 sqft, the living area is below the average for both the Glenwood area and Winnipeg overall, but is closer to the average for homes directly on Stranmillis Avenue. It’s a compact layout.
2. What is the significance of the lot size?
The 5,100 sqft lot is a key feature. It ranks in the top 13% for size on this street and the top 28% in Glenwood, meaning you get more yard space than most neighbouring properties.
3. Is the assessed value a good indicator of the market price?
The assessed value of $28,800 is a municipal valuation for tax purposes. It shows the home is around average for the neighbourhood, but the market price will be influenced by current conditions, the home’s updated condition, and its desirable lot size.
4. What does a “renovated basement” typically mean here?
While specifics aren’t listed, this usually indicates the basement is finished into livable space, which effectively adds functional square footage to the 762 sqft main floor. It’s important to confirm the nature of the renovation and any permits.
5. What are the implications of the 1948 build date?
The home is older than many in the city. This can mean charming character but also necessitates a thorough inspection for aging components like plumbing, electrical, and the foundation, even with a renovated basement.