Property Overview
This one-storey home at 19 Blenheim Avenue in Winnipeg's Glenwood neighborhood is a compact, no-frills property that presents a clear value-oriented opportunity. Built in 1942, it sits on a standard-sized lot of just over 4,500 sq ft. The home itself is modest in scale at 700 sq ft of living area, which is smaller than most comparable homes on its street, in the area, and city-wide. This is reflected in its below-average assessed value. Recent sale prices suggest a very accessible entry point into the Winnipeg market.
Key Characteristics & Appeal
The primary appeal of this property is its function as an affordable foothold in the housing market. It suits buyers with straightforward needs: first-time purchasers seeking minimal debt, investors looking for a rental property with a low acquisition cost, or downsizers wanting a manageable, single-level space without premium features. Its value lies not in luxury or size, but in practicality and potential.
A thoughtful perspective for the right buyer is the advantage of a smaller, older home: lower property taxes, reduced utility costs, and less space to maintain. The detached garage adds practical storage or workshop space. While the home ranks below average in size and value metrics within its peer groups, this statistical position precisely defines its niche—it is for those prioritizing financial efficiency over square footage. The lot size is typical for the area, offering standard outdoor space without the burden of an excessively large yard.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's specific characteristics, primarily its smaller living area (700 sq ft), age, and lack of a basement. It is compared against a wide range of homes across Winnipeg, most of which are larger and newer, resulting in a below-average ranking.
2. What does "Top 81% for Living Area" mean?
This metric indicates that for living area size, this home ranks in the bottom 19% of 74 comparable homes on Blenheim Avenue. In simpler terms, about 81% of homes on the same street have more living space.
3. Is this a good investment property?
Given its low assessed value and recent sale prices, it represents a low-cost entry for a rental investment. However, its smaller size and older age may appeal to a specific tenant demographic (e.g., singles, couples) and could entail maintenance considerations typical of an 84-year-old home.
4. What are the main compromises with a home of this size?
The 700 sq ft layout will have limited room for storage, entertaining, or a growing family. The absence of a basement further reduces storage and potential living space. Buyers should be comfortable with a compact, efficient floor plan.
5. How reliable are the sold price ranges shown?
The ranges are based on publicly available data. For precise historical sale figures, you must request the exact sold price history via email from the listing service, as they manually verify and provide this detail.