Property Overview: 173 Humboldt Avenue, Glenwood, Winnipeg
Key Characteristics & Buyer Appeal
This one-storey home on a large, 5,842 sqft lot presents a specific and compelling value proposition. Its key appeal lies in the substantial land size, which ranks in the top 4% for its street, offering significant outdoor space and future potential in a mature neighbourhood. The home itself is modest in size at 1,136 sqft but is above average for the immediate area, and it features a renovated basement, adding functional living space. A detached garage provides additional utility or storage.
Built in 1922, the home is notably older than most in Glenwood, which suggests classic character but also means buyers should be prepared for the maintenance considerations of a century-old structure. The assessed value and recent sold price indicate it sits in the mid-range for the neighbourhood, offering an accessible entry point into the area, especially for those who prioritize land over a large or modern house.
This property would best suit a practical buyer looking for space and potential over immediate turn-key perfection. It’s ideal for someone with renovation skills, a growing family wanting a large yard, or an investor seeing value in the lot size. It’s less suited for those seeking a new, low-maintenance home without any project elements.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, ceiling height, moisture control, or legal secondary suite potential are not provided. This would be a key area for inspection and follow-up questions.
2. Given the age of the home, what should I investigate?
With a build date of 1922, special attention should be paid to the foundation, plumbing (original cast iron or clay tiles?), electrical wiring, and insulation. A thorough inspection is essential to understand the true condition behind the renovated surfaces.
3. How does the large lot size benefit me?
Beyond a spacious yard, the lot offers future possibilities like additions, a garden suite (subject to zoning), or extensive landscaping. It also typically provides more privacy and distance from neighbours than newer, denser lots.
4. The sold price seems low compared to city-wide averages. Why?
The price reflects the home’s age, modest size, and neighbourhood-specific market. It represents value within Glenwood, not the broader Winnipeg market which includes many newer, larger suburban homes. This can be an advantage for buyers seeking affordability in an established area.
5. What is the neighbourhood (Glenwood) like?
As a mature Winnipeg neighbourhood, Glenwood typically offers tree-lined streets, established community amenities, and a mix of older and updated homes. Its above-average living area ranking suggests homes here are generally more modest in size, contributing to a lower price point compared to newer subdivisions.