Property Overview: 171 Clonard Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Glenwood presents a straightforward opportunity centered on its land and location. Built in 1920, the 740 sqft house is modest in size and features an unrenovated basement and a detached garage. Its assessed value is notably low compared to city-wide averages.
The primary appeal lies in its generous 5,095 sqft lot, which is larger than most on its street and in the Glenwood area. This positions the property as a potential canvas for expansion, a large garden, or future redevelopment, offering value that isn't immediately apparent in the dwelling itself. It last sold in mid-2020.
This home would best suit a practical buyer with a clear vision. It’s a fit for an investor or homeowner willing to live in a compact space while planning a future renovation or addition, or for someone who prioritizes outdoor space over a large interior. It represents an entry point into the market where the value is tied more to the land's potential than the current structure's condition.
Section 2: Frequently Asked Questions
1. Is this a "tear-down" property?
Not necessarily. While the home is smaller and older than area averages, it is a functional dwelling. The decision to renovate, expand, or rebuild would depend on a buyer's goals, budget, and the feasibility of working with the existing structure.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific characteristics: a small, century-old home with an unrenovated basement. City-wide averages are skewed higher by larger, newer homes in different areas. The assessment is more aligned with similar, modest properties in its immediate vicinity.
3. What are the real costs beyond the purchase price?
Prospective buyers should budget for updates expected in a 100+ year-old home, such as plumbing, electrical, or insulation. The condition of the detached garage and the scope of any basement improvements should also be factored into planning.
4. How does the large lot size benefit me?
Beyond providing ample yard space, the larger lot offers flexibility. It could accommodate a significant addition, a separate workshop or studio (subject to zoning), or simply remain as valuable green space in a neighborhood where lots are typically smaller.
5. Can I get the exact historical sale price?
Yes, but not automatically via the public listing. The exact sold price from July 2020 is available by request through the listing service. You can provide your email to receive the precise figure, which is manually verified and shared without marketing spam.