Property Overview: 151 Bank Avenue, Glenwood, Winnipeg
Key Characteristics & Appeal
This is a classic, one-storey home built in 1952, offering a straightforward and manageable footprint of 920 square feet. Its primary appeal lies in its solid positioning within the established Glenwood neighborhood. The home presents a balanced, no-surprises profile: its living space and assessed value are very typical for the immediate area, making it a predictable and stable entry point into the market.
A standout feature is the generous 5,021 sqft lot, which is notably larger than many others on Bank Avenue. This offers valuable outdoor space and potential that is less common for homes of this vintage and style in the vicinity. The property includes a detached garage and a basement (not renovated), providing functional storage and workshop space.
This home would suit first-time buyers or practical downsizers looking for a grounded, lower-maintenance property in a mature neighborhood. It’s for someone who values a larger yard over a recently updated interior and sees potential in a home that is average in many metrics but offers a tangible asset in its land size. The recent sale in late 2024 suggests it’s a move-in ready property, likely appealing to those seeking a straightforward purchase without a bidding war.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 920 sqft, the living area is very close to the average for both Bank Avenue and the wider Glenwood area. It’s a comfortably sized bungalow for the neighborhood, though it is below the citywide average.
2. What is the significance of the lot size?
The lot of over 5,000 sqft is a key asset. It ranks in the top 7% on Bank Avenue, meaning it offers more outdoor space than most direct neighbors—a valuable feature for gardening, play, or future expansion.
3. Is the assessed value a good indicator of the sale price?
The home recently sold for between $28.5k and $31.5k, which aligns closely with its assessed value of $28.9k. This indicates the assessment is current and the sale was likely a fair market transaction.
4. What does "basement, not renovated" typically mean?
This usually indicates a functional, unfinished basement common to homes of this era. It provides essential utility space and storage but would require investment to convert into finished living space.
5. The home is older; should I be concerned?
Built in 1952, it is actually newer than many homes on its street and in Glenwood. While older systems may need attention, its age is typical and unremarkable for the area, and the construction quality of this period is often considered robust.