Property Overview
This one-and-a-half storey home at 147 The Glen in Winnipeg's Glenwood neighborhood presents a distinct blend of character and practicality. Built in 1915, its primary appeal lies in its above-average living space (1,564 sq ft) within a renovated basement, offering more room than many homes on its street and in the wider area. While the lot size is modest for the immediate street, it is typical for Glenwood overall. The assessed value is consistently around the average for all comparison groups, suggesting a fairly priced property in line with the market.
Its charm is rooted in its established setting and efficient use of space. The home would suit a buyer who values the character of an older home but appreciates the move-in readiness of a renovated basement. It's ideal for those who prioritize interior space over a large yard and are looking for a home with a proven, stable value history in a mature neighborhood. A thoughtful perspective is that this property offers the space of a larger home without the premium lot taxes that often accompany it, representing a efficient allocation of your housing budget.
Frequently Asked Questions
1. How does the home’s age affect maintenance?
Built in 1915, the home is older than most in Winnipeg. Prospective buyers should prioritize a thorough inspection to understand the condition of foundational elements, plumbing, electrical systems, and the roof, which are typical focal points for older properties.
2. Is the living space configuration typical for a 1.5-storey design?
The total living area is notably above average, likely due to the renovated basement being included as functional living space. It’s important to clarify which rooms are on the main floors versus the basement to understand the flow and natural light of the primary living areas.
3. The lot seems smaller than others on The Glen. Is that a concern?
While the lot is below average for its specific street, it is very close to the average lot size for the broader Glenwood neighborhood. This suggests the street may have a mix of lot sizes, and this property fits the community norm rather than the street's exception.
4. What does the assessed value tell me about the listing price?
The assessed value is consistently around the median for the street, neighborhood, and city. This indicates the property is not an outlier and its municipal valuation aligns with general market values, providing a stable benchmark for comparison.
5. The last recorded sale was in 2016. What does that mean?
The property has had one long-term owner over the past eight-plus years, which can indicate a well-maintained home and a stable neighborhood. It also means more recent market conditions will be the primary driver of its current value, rather than frequent past sales.