Property Overview: 148 Imperial Avenue, Winnipeg
Key Characteristics & Appeal
This is a modern, two-storey home built in 2022, offering a move-in-ready opportunity in Winnipeg's Glenwood neighbourhood. Its primary appeal lies in its new construction status, which provides contemporary building standards, modern finishes, and freedom from major near-term repairs. The 1,412 sqft living area is notably spacious for both its immediate street and the Glenwood area, ranking in the top 12%. A key, less obvious advantage is the recently renovated basement, which adds immediate functional space without the need for a future project.
The property suits specific buyer profiles well. It’s ideal for professionals or small families seeking a modern, low-maintenance home in a mature neighbourhood. It also appeals to buyers who prioritize interior space and modern amenities over a large yard, as the lot size is compact compared to area norms. The above-average assessed value suggests the market recognizes its premium condition and newer age. A thoughtful perspective is that this home offers the "newness" often desired in suburban new builds, but within an established community with mature infrastructure and trees.
Frequently Asked Questions
1. Is the price reasonable for the area?
The home's assessed value is in the top 7% for Glenwood, reflecting its new construction and larger-than-average living space. The last known sale was in early 2023. This suggests a premium price point justified by its condition and modern features compared to the neighbourhood's typically older housing stock.
2. What are the trade-offs with such a new home in an older area?
The major benefit is modern construction with updated systems. A potential trade-off is the significantly smaller lot size (2,549 sqft) compared to neighbouring properties. This means less private outdoor space but also lower yard maintenance.
3. What does the renovated basement include?
The listing confirms the basement is renovated but does not specify the finish. This should be clarified with the seller or listing agent to understand if it includes legal egress, a bathroom, or specific living spaces like a family room or suite.
4. How does no garage affect parking and storage?
The property has no garage. Buyers should plan for on-street parking and consider the basement and home's layout for storage solutions. The compact lot also limits options for adding a garage later.
5. Why is the assessed value so much lower than the city-wide average home value mentioned?
The "city-wide average" comparison in the data is not to the average assessed value, but to the average of a filtered group of "comparable homes" city-wide. The home's actual assessed value of $52,100k is consistent with Winnipeg's assessment system for a newer home of this size.