Property Overview: 186 Stranmillis Avenue, Glenwood, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1947, presents a classic Winnipeg character property with a distinct value proposition. Its primary appeal lies in the generous, above-average lot size of over 5,100 sqft, offering significant outdoor space that is a rarity compared to most homes on its street and in the Glenwood area. The home itself is modest in scale at 737 sqft of living area, featuring a renovated basement and a detached garage.
The property suits practical, value-oriented buyers. It's ideal for a first-time homeowner comfortable with a smaller interior footprint who prioritizes yard space for gardening, pets, or future expansion. It also appeals to downsizers seeking a manageable single-level layout without sacrificing outdoor privacy. A thoughtful perspective is its potential as a "land-value play"; the sizable lot in a settled neighborhood may offer more long-term value appreciation than the structure itself, appealing to those with renovation or redevelopment vision.
Section 2: Frequently Asked Questions
1. Is the house in need of major updates?
While specific interior conditions aren't detailed, the home was built in 1947. Buyers should budget for potential updates to major aging systems (like plumbing, electrical, or the roof) common to houses of this era, alongside any cosmetic modernization.
2. How does the assessed value relate to the likely selling price?
The assessed value is $27,200, but this is for municipal tax purposes and is typically lower than market value. Historical sold price data from 2016 shows a range of $16.5k-$19.5k, but the current market value will be determined by recent sales, condition, and demand.
3. What are the advantages of a detached garage?
A detached garage offers flexibility. It can be used for vehicle storage, a workshop, or extra storage without impacting the home's living space. It also provides potential for conversion to a studio or workspace, subject to local bylaws.
4. The living area is below average. How does that impact livability?
The 737 sqft layout requires efficient use of space and may not suit those needing multiple bedrooms or dedicated home offices. However, the renovated basement adds functional space, and the large lot effectively extends the living area outdoors for much of the year.
5. Can I get the exact historical sold prices?
The exact sold prices are not publicly listed. The listing agent or service can provide this information directly upon request, as noted in the property details.