Property Overview
159 Stranmillis Avenue is a two-storey home in Winnipeg's Glenwood neighborhood. Built in 2000, it offers 1,152 sqft of living space and features a renovated basement. The property sits on a 2,549 sqft lot and does not include a garage or pool.
Key Characteristics & Appeal
This home’s primary appeal lies in its modern build date and efficient use of space. Compared to most homes on its street and in Glenwood, it is newer, has above-average living area, and holds an above-average assessed value. This suggests a well-maintained, contemporary property within its immediate context. The renovated basement adds functional living space.
However, its lot size is notably smaller than area averages, which means lower outdoor maintenance but also limited private yard space. This creates a specific trade-off: you get a relatively newer, efficiently sized home, but without a large garden area.
It would suit a first-time homebuyer or downsizer looking for a low-maintenance, modern property in a established neighborhood. It’s also a practical fit for someone who values interior updates and a newer building over expansive outdoor space.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
It translates to less yard maintenance and gardening work, which can be a benefit. However, it also means limited space for additions, large decks, or extensive private outdoor activities compared to neighboring homes.
2. Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value (34.10k) is for municipal tax purposes. The sold price history from 2017 (28.5k-31.5k) and current market conditions are more relevant for determining market value. The above-average assessment for the area does indicate the property is likely in good standing relative to its peers.
3. What does "above average" for living area in the neighborhood mean?
In Glenwood, this home's living space (1,152 sqft) ranks in the top 27% when compared to similar properties, which average about 1,015 sqft. You are getting more interior space than most comparable homes in the immediate area.
4. Are there any obvious concerns from the data provided?
The data shows no major red flags regarding value or size for the area. The main consideration is the significantly smaller-than-average lot, which is a feature you should be comfortable with. The lack of a garage is also a factor for vehicle storage.
5. The home was built in 2000. What are the implications of that age?
A 26-year-old home is newer than most in Winnipeg. This can mean fewer immediate major repairs compared to a much older home, and it likely meets more modern building standards. However, it is now entering the period where original components (like the roof, furnace, or major appliances) may need attention or replacement.