Property Overview
190 Stranmillis Avenue is a 750 sqft, one-storey home with a renovated basement, built in 1947. It sits on a notably generous 5,101 sqft lot in Winnipeg's Glenwood neighborhood. Recent sales data shows a clear pattern of appreciation, with the latest sale in late 2024 significantly higher than previous sales in 2022 and 2019.
Key Characteristics & Appeal
This home’s primary appeal lies in its balance of a modest, manageable house on a much larger-than-average lot for the immediate area. While the living space is compact and below the local average, the renovated basement adds functional space. The property’s standout feature is its land parcel, which ranks in the top 9% for size on its own street. This presents a classic value proposition: you are purchasing potential. The assessed value is consistent with the local area, suggesting a fair entry point.
It would suit first-time buyers or downsizers looking for a lower-maintenance home without sacrificing outdoor space. The large lot is a clear draw for those with gardening ambitions, pets, or future expansion plans like a garage, workshop, or addition. A thoughtful perspective is that this property represents a "land bank" opportunity in an established neighborhood; the value may be increasingly driven by the lot itself over time. Its recent sale history indicates it's seen as a solid investment, likely appealing to buyers who view real estate as a long-term asset as much as a home.
Frequently Asked Questions
Q: How does the size of this home compare to others nearby?
A: At 750 sqft, the living area is below the average for both Stranmillis Avenue and the wider Glenwood area. This makes it a more compact, efficient layout.
Q: What is the significance of the lot size?
A: The 5,101 sqft lot is a key feature. It's significantly larger than most lots on the same street (ranking 11th largest out of 116), offering more private outdoor space than is typical for the location.
Q: Has the property value been increasing?
A: Based on available sold price ranges, the property has appreciated noticeably. The late 2024 sale price range was substantially higher than the ranges from sales in 2022 and 2019.
Q: What does "renovated basement" typically mean for a home of this age?
A: For a 1947 home, a renovated basement often includes modernized finishes, improved moisture control, and the creation of livable space for recreation, laundry, or storage, adding valuable functional square footage.
Q: Is the assessed value a good indicator of the market price?
A: The assessed value is around the local average, providing a baseline for municipal taxation. Market price is determined by current buyer demand, which, as seen in the sale history, can exceed the assessed value.