Property Overview
This bi-level home at 195 Egerton Road in Winnipeg's Glenwood neighborhood presents a compelling mix of space, value, and potential. Its key appeal lies in its exceptionally large, approximately 13,230 sqft lot, which ranks in the top 3% for the street, top 1% for the neighborhood, and top 3% citywide. This offers rare outdoor space for gardening, recreation, or future expansion. The 1,310 sqft living area is comfortably above average for Glenwood, and the home benefits from a renovated basement. Built in 1967, it is newer than many area comparables. With an assessed value significantly above neighborhood and street averages, the property holds a strong position for its area.
This home would suit a buyer looking for a solid foundation in a well-established area, who values a large private yard over a newer build or attached garage. It's ideal for those with DIY ambitions, growing families needing space, or anyone who sees the long-term value in a generous lot within the city.
Frequently Asked Questions
What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, layout, and whether it includes a separate entrance or legal suite are not provided. This would be a key point for a home inspection and discussion with the seller.
How does the assessed value relate to the likely selling price?
The assessed value of $54,300 is for municipal tax purposes. The last known sale was between $45,500-$48,500 in 2019. The current market price will be influenced by recent sales, the home's condition, and market trends, and may differ significantly from the assessed value.
Are there any major costs or updates anticipated?
Given the home's age (1967), buyers should proactively investigate the age and condition of major systems like the roof, windows, furnace, and plumbing. The large lot is an asset, but also means higher maintenance or landscaping effort.
What is the neighborhood character and convenience like?
Glenwood is a mature neighborhood. The property's high rankings for lot size and assessed value within the area suggest it's on a desirable street. Research local amenities, schools, and traffic patterns to see if they match your lifestyle.
Why is the lot size so significant?
A lot of this size is increasingly rare in established city neighborhoods. It provides privacy, space for additions like a garage or deck, and long-term value that smaller lots cannot match. It's the property's most distinctive and potentially valuable feature.