Property Overview: 23 Clonard Avenue, Glenwood, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1915, offering a unique proposition in the Winnipeg market. Its key characteristics are its modest 676 sqft living area, a renovated basement, a detached garage, and a standard 3,572 sqft lot. The home's assessed value is notably low compared to city-wide averages.
The primary appeal lies in its affordability and efficiency. It represents a rare entry point into homeownership, particularly suited for first-time buyers, downsizers, or investors seeking a manageable property with lower carrying costs. The renovated basement adds functional living space, and the detached garage provides valuable storage or workshop potential. A more thoughtful perspective recognizes this as a "right-sized" home for a minimalist lifestyle, where lower utility bills and maintenance demands can be a significant long-term advantage. It suits a practical buyer who values location and financial flexibility over square footage, viewing the property as a solid foundation to build equity without a overwhelming mortgage.
Section 2: Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily reflects the home's smaller size and age compared to the broader market. It can be an advantage, potentially leading to lower property taxes, but a market-value sale price will be determined by current conditions and buyer demand.
2. What does the ranking data mean for a home this size?
The data shows this home is below average in size and value for its street, neighbourhood, and city. This isn't a surprise for a 676 sqft character home and simply quantifies its position as a compact, affordable option in a market of larger, newer houses.
3. What are the considerations with a home built in 1915?
While the basement has been renovated, a home of this age may have older building materials and systems. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and insulation, and to budget for potential updates.
4. Who might this property not suit?
It would likely be too small for families needing multiple bedrooms or dedicated workspaces. Buyers seeking a modern, open-concept layout or who have a large volume of possessions may find the space limiting.
5. What is the potential here for a buyer?
The potential is in value and lifestyle. For the right buyer, it's an affordable way to own a home with a yard and garage in Winnipeg. The renovated basement adds immediate utility, and the property could be a long-term hold with manageable upkeep or a strategic investment property.