Property Overview & Appeal
This two-storey home at 140 The Glen in Winnipeg's Glenwood neighborhood presents a solid, above-average living space in a well-established area. Its key characteristic is its generous 1,810 sqft of living area, which ranks within the top 17% of homes on its own street and an elite top 3% within the broader Glenwood area. This suggests a home that offers more interior room than most comparable properties nearby. Built in 1951, it is a mature home with an unrenovated basement, presenting a classic layout with potential for customization.
The appeal lies in its value proposition: a spacious interior footprint coupled with a modest assessed value that is above average for its immediate vicinity. This combination could attract buyers looking for more square footage without the premium price tag often found in newer developments. The lot, while smaller than others on The Glen, is average for the neighborhood overall, offering manageable outdoor space.
This property would suit practical buyers who prioritize interior space over a large yard, and who are comfortable with a home of this era. It’s a match for someone looking for a blank canvas—particularly the basement—or who doesn’t mind cosmetic updates. It may also appeal to value-conscious buyers who see the advantage of owning one of the larger homes in the area at a relatively accessible price point.
Frequently Asked Questions
How does the home’s size compare to others nearby?
It is notably spacious for the area. With 1,810 sqft, it is significantly larger than the average home in Glenwood (~1,015 sqft) and on The Glen street itself (~1,308 sqft).
What should I know about the lot size?
The land area of 4,279 sqft is smaller than most direct neighbors on The Glen, but is very typical for the Glenwood neighborhood as a whole. It offers a standard, manageable yard.
Is the assessed value a reliable indicator of the selling price?
The assessed value is one data point, but recent sale history is more telling. This home sold in late 2022 for between $64.5k and $67.5k, which was well above the assessed value at the time and ranked in the top percentiles for sale price locally.
What does "basement not renovated" imply?
It indicates the basement is in original or functional condition, not modernized. This presents both a cost-saving opportunity if the space is usable as-is, and potential for future value addition through renovation.
How does the age of the home factor in?
Built in 1951, it is older than the Winnipeg city average but is actually one of the newer homes on its street. Buyers should anticipate maintenance and systems consistent with a home of this vintage, but also the character and construction quality of its era.