Property Overview
This one-and-a-half storey home at 132 Bank Avenue in Winnipeg's Glenwood neighbourhood presents a practical and well-positioned opportunity. Its key appeal lies in offering above-average space for its immediate area, coupled with a renovated basement, all within a stable, established community.
Key Characteristics & Ideal Buyer
The home’s living area of 1,202 sq ft ranks in the top 12% on its own street and top 23% within Glenwood, meaning it offers more interior space than many comparable local properties. This is a significant advantage for the area. It sits on a standard lot of just under 5,000 sq ft and features a detached garage. The basement has been renovated, adding functional living space. Built in 1951, it is typical for the neighbourhood.
Its appeal is grounded in value and space within a specific locale. Buyers looking in this price range often face smaller homes, so this property provides a relative sense of roominess. It would suit a first-time buyer, a small family, or an investor seeking a straightforward, maintained property in a no-frills, mature neighbourhood. A thoughtful perspective is that while the home may be average city-wide, its above-average metrics on its street and in Glenwood suggest it’s a stronger contender within its specific market—a "bigger fish in a smaller pond" scenario that can mean better livability and potential resale appeal to future local buyers.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
The living space is a standout feature locally. It is larger than approximately 88% of similar homes on Bank Avenue and 77% of those in the broader Glenwood area.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality and functionality of the space.
3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value (32.10k) is for municipal tax purposes. The most recent sold price range (32.50k-35.50k in late 2024) is a more current market indicator, though exact conditions may have changed.
4. What is the significance of the detached garage?
A detached garage is common for homes of this era. It provides secure storage and parking but may require crossing the yard in inclement weather. Its condition and size should be verified.
5. The home was built in 1951. What should I be mindful of?
While the basement has been updated, a home of this age will have original core components. A thorough inspection is essential to evaluate the roof, wiring, plumbing, and foundation, which may be nearing or beyond their typical lifespans.