24 Ellesmere Avenue

Property Overview: 24 Ellesmere Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Glenwood stands out for its modern build and premium valuation in a neighborhood of mostly older properties. Built in 2024, it is a notably new construction in a sea of homes averaging 70 years old. With 1,606 sqft of living space, it offers significantly more room than most local comparables and features a renovated basement. Its primary appeal lies in this combination of new-build amenities—likely meaning modern systems, insulation, and finishes—without the premium price of a brand-new subdivision home.

The property’s assessed value is in the top tier for the area, indicating official recognition of its superior quality and condition. However, the land size is smaller than average, suggesting a focus on the building itself rather than outdoor space. This home would perfectly suit a buyer looking for modern, low-maintenance living in an established neighborhood, who prioritizes interior space and contemporary design over a large yard. It’s also a compelling option for those wary of the hidden costs and renovation projects often associated with older Winnipeg homes.

Section 2: Frequently Asked Questions

1. Why is the assessed value so high compared to nearby homes?
The assessed value reflects the property’s very recent construction (2024) and its above-average living area. It is assessed as a modern, renovated home, placing it in the top 1-3% of properties on its street and in Glenwood, whereas most neighbors are older and smaller.

2. What does the sold price history tell us?
The home sold in early 2024 for between $585k and $615k, which aligns with its high assessment. A previous sale in late 2019 was for a much lower amount ($125k-$155k), strongly suggesting the previous structure was demolished or extensively rebuilt for the 2024 offering.

3. Is the smaller land size a concern?
The lot is below average in size for the street, neighborhood, and city. This means less yard for gardening or expansion, but it also translates to less exterior maintenance. The value here is clearly in the building, not the land.

4. Who would this property not suit?
It may not be ideal for buyers seeking a large, private yard or those who prefer the classic character and architectural details of an older home. The premium is for modern construction and interior space.

5. How does it compare city-wide?
While elite in its local context for value, size, and newness, its living area is above average but not top-tier compared to the entire Winnipeg market. It represents a premium, modern option within a specific established neighborhood.