Property Summary: 129 Imperial Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home in Winnipeg's Glenwood neighborhood, built in 1945. Its key characteristic is its value proposition. With a living area of 768 sqft, it is smaller than most homes in the city, but it sits on a near-5,000 sqft lot, which is above average for the immediate area. The home has a basement (not renovated) and a detached garage.
Its primary appeal lies in its affordability and land size. The assessed value is significantly below averages for the street, neighborhood, and city, suggesting a lower entry point. This presents a clear opportunity for a first-time buyer, an investor, or someone looking to minimize their mortgage footprint. The generous lot offers potential for expansion, gardening, or future outdoor living space—a notable asset not always found in this price segment. The home suits a practical buyer who sees value in the land and the structure's potential, rather than in move-in-ready finishes. It would also suit an investor looking for a rental property with a stable, long-term asset base in a mature neighborhood.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects factors like the home's smaller size, age, and likely the condition of the interior and basement. It is assessed in line with similar, value-oriented properties in the area, as shown in the comparable listings.
2. What does "Top 89%" for the assessed value ranking mean?
This percentile ranking means the home's assessed value is lower than approximately 89% of comparable properties on Imperial Avenue. In simpler terms, it is among the most affordable homes on the street.
3. Is the large lot a major advantage?
Potentially, yes. While the house itself is compact, the lot is larger than many in Glenwood. This provides more private outdoor space and is often seen as a long-term value driver, whether for personal use or future property improvements.
4. What can be inferred from the last known sale price (2019)?
The home sold for an estimated $17.5k-$20.5k in late 2019. This historical price, combined with the current assessed value of $22.6k, indicates it has been a consistently low-value property. It's important to request the exact sale price and investigate market trends since 2019 for a complete picture.
5. Who might the nearby "similar assessed value" properties be relevant for?
These listings show other homes in Winnipeg with the same municipal assessment. They are useful for comparison, indicating what type and location of property you might expect in this price tier across the city, helping to contextualize this home's value.