Property Overview
22 Blenheim Avenue is a compact, one-storey home built in 1924, situated on a standard city lot in Winnipeg's Glenwood neighbourhood. Its key appeal lies in its position as an entry-point property, characterized by a very modest assessed value and a smaller living space. The home has a basement but it is not renovated, and there is no garage or pool.
This property would primarily suit a specific type of buyer: investors or very hands-on, budget-conscious first-time purchasers looking for a foothold in the market. Its low assessed value suggests potential for lower property taxes, which could be attractive for holding or redevelopment. The appeal is not in its current condition or size—as it ranks below average in nearly every metric for the street, neighbourhood, and city—but in the opportunity it represents. It’s a straightforward, no-frills proposition where the value is in the land and the potential, not in the existing structure.
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, including its smaller size (632 sqft), age, and condition relative to the broader market. It reflects its status as a more modest, entry-level home.
2. What does "below average" ranking for living area mean?
It means the home's interior square footage is less than that of most comparable homes on its street, in Glenwood, and across Winnipeg. This is a compact property, which is a key factor in its pricing.
3. Is the unrenovated basement finished or usable for living space?
The listing specifies the basement is "not renovated." It should be assumed to be in original or utility condition, not finished as a living area, which is common for homes of this era.
4. Who might this property not be suitable for?
It would likely not suit buyers looking for a move-in ready home, those who need multiple bedrooms or ample living space, or anyone unwilling to take on potential renovation projects in the future.
5. The last sale price range (2021) is close to the current assessed value. What does that indicate?
This consistency suggests the property's market value has remained relatively stable in that period, aligning with its assessed value. It underscores the property's positioning as an affordable, base-level investment in the market.