Property Overview & Key Characteristics
This one-storey home on Vivian Avenue in Glenwood is a compact, classic property built in 1927. Its key appeal lies in its position as an affordable entry point into the Winnipeg market, particularly suited for first-time buyers, downsizers, or investors. With 728 sqft of living space, it is notably smaller than area averages, suggesting a home focused on essentials and efficiency rather than spaciousness. The lot size of 3,747 sqft is fairly typical for the immediate street, offering standard outdoor space for the neighbourhood. A detached garage adds practical storage or parking.
The home’s assessed value is significantly below city and area averages, which is its most defining characteristic. This indicates a property with a lower tax burden and a clear opportunity for value-adding renovation. The basement exists but is noted as not being renovated, presenting both a project and potential. The home would suit a hands-on buyer comfortable with gradual improvements, someone seeking minimal living space, or an investor looking for a rental property with a foundational structure in place. Its charm is not in current luxury, but in its straightforward potential and manageable scale.
Frequently Asked Questions
1. What does the below-average assessed value practically mean for a buyer?
It primarily suggests a relatively lower property tax bill compared to many other homes. It also strongly indicates that the property is likely in need of updates or is functionally modest compared to modern standards, which is reflected in its price.
2. The living area is quite small. How might that affect daily living?
The 728 sqft layout will require efficient use of space and likely has fewer or smaller rooms. It promotes a simplified, low-maintenance lifestyle but may feel cramped for a growing family or those who work from home without a dedicated office space.
3. The basement is "not renovated." What should we expect?
This typically means the basement is in a rough, unfinished, or utility-only state. It should be inspected for foundational integrity, moisture, and the condition of essential systems (like the furnace and water heater) that are often housed there. It represents future living or storage space but will require investment.
4. How does this home fit within the Glenwood neighbourhood?
The data shows that for Glenwood, this home is below average in size, value, and lot size. It is one of the more modest properties in the area, which could be appealing for someone wanting the neighbourhood location without the premium price of its larger, more updated neighbours.
5. Who would this property not be well-suited for?
It would likely not suit buyers who need move-in-ready condition, desire ample space for a family, or are not prepared for any level of ongoing maintenance or renovation projects. The compact size and unrenovated state are trade-offs for the affordability.