Property Overview: 16 Blenheim Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Glenwood is a classic, no-frills property built in 1922. With 744 sqft of living space and an unrenovated basement, it presents a straightforward opportunity. The lot is a practical 3,798 sqft. Its assessed value of $220k positions it well below city averages, reflecting its modest size and condition.
The primary appeal lies in its affordability and potential. It’s a home that doesn’t require a large mortgage, making it accessible for first-time buyers or investors. It would suit a hands-on buyer looking for a functional starter home with room to personalize over time, or an investor seeking a manageable rental property. A less obvious perspective is its appeal to those seeking a simpler, lower-maintenance lifestyle without the premium of a modern, updated home. Its below-average metrics across the board aren't drawbacks for the right buyer—they are indicators of an entry point into the market with clear, manageable scope.
Section 2: Frequently Asked Questions
1. What does "below average" in the rankings really mean for a buyer?
It means this home is more affordable than most. For its assessed value, it ranks in the bottom 10-20% compared to similar homes in Glenwood and citywide. This isn't about quality, but about price point—it’s a budget-conscious option.
2. Is the unrenovated basement a major issue?
It’s a defining characteristic. It means the basement is in original condition and would require investment to modernize or finish. For some, this is a project; for others, it’s simply functional storage or utility space as-is.
3. How stable has the home's value been?
Recent sale data shows it sold in the $175k-$225k range in 2021. The current assessed value of $220k suggests a stable market value in that corridor, indicating it hasn’t seen dramatic swings.
4. Who would this property NOT suit?
It likely wouldn’t suit buyers seeking a move-in-ready, modern home or those needing significant space. The smaller living area and older building also mean future maintenance should be anticipated.
5. What’s the advantage of a smaller lot?
A 3,798 sqft lot requires less upkeep than larger city averages. This can mean lower landscaping costs and less time spent on yard work, which can be a practical benefit.