Property Overview: 140 Handyside Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Glenwood neighborhood, built in 1952. With 896 sqft of living space, it is notably smaller than many area homes, positioning it as a more manageable and potentially affordable option. Its key updated feature is a renovated basement, adding functional space. The property sits on a roughly 5,000 sqft lot with a detached garage.
The appeal lies in its balance of modest upkeep and location-based value. While the house itself is below average in size for the street and city, its assessed value ranks above average on its own street, suggesting the lot and location are strong assets. It represents a classic "value in the land" scenario, ideal for buyers who prioritize location over square footage. This home would suit first-time buyers, downsizers, or practical investors looking for a lower-maintenance property in a well-established area. It’s a home for those who see potential in a renovated basement for extra living or rental income, and who appreciate that a smaller footprint can mean lower utility costs and less time spent on maintenance.
Frequently Asked Questions
1. Is the house unusually small for the area?
Yes. At 896 sqft, the living area is below the average for both Handyside Avenue and Winnipeg overall. This makes it one of the more compact homes on the block, which is reflected in its price and assessment.
2. Why is the assessed value relatively high for the street given the size?
The assessment considers more than just the house. Its value ranks in the top 25% on Handyside Avenue, likely due to the desirable lot size, the renovated basement, and the overall stability of the Glenwood neighborhood. This indicates the property's value is anchored strongly in its location and land.
3. How old is the home, and what does that mean for maintenance?
Built in 1952, it is one of the older homes on its street. Buyers should budget for maintenance typical of a 70+ year-old house, such as potential updates to roofing, windows, or original plumbing and electrical systems. A thorough inspection is advised.
4. What is the significance of the sold price history from 2020?
The recorded sale in late 2020 (between $31.5k and $34.5k) provides a recent benchmark, but it is several years old. The current market value will be influenced by changes in the Winnipeg market since then, the renovated basement, and comparable recent sales.
5. Who would this property not be suitable for?
It may not suit growing families needing multiple bedrooms and more living space, or buyers who prioritize a modern, open-concept layout. The smaller main footprint means efficient use of space is essential.