Property Overview: 27 Imperial Avenue, Glenwood, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1945, situated on a notably generous lot for its Glenwood neighbourhood. With 740 sqft of living space, the house itself is below the average size for the area, but it features a renovated basement, adding functional space. The standout feature is the 5,109 sqft land area, which ranks in the top 7% on its own street, offering significant outdoor space and potential. The detached garage adds practical utility. The home’s assessed value is around the local average, suggesting it is priced in line with area norms rather than being a premium listing.
Its appeal lies in a balance of modest, updated living space paired with a large, valuable parcel of land. It suits first-time buyers or downsizers looking for a manageable home with low-maintenance living areas but without sacrificing yard space. It could also attract value-oriented investors or buyers with future expansion in mind, given the lot size and the established, mature neighbourhood setting. A thoughtful perspective is that while the living space is compact, the large lot and basement renovation offer immediate utility and future flexibility that many similarly priced homes in denser areas cannot match.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 740 sqft, the living area is below the average for both Imperial Avenue and the wider Glenwood area. This indicates a more compact main floor footprint, which is offset by the renovated basement for additional space.
2. What is the significance of the lot size?
The 5,109 sqft lot is a key asset. It ranks well above average for the immediate street and neighbourhood, offering more outdoor space than most comparable properties. This is often a premium feature in established communities.
3. Is the assessed value a good indicator of the likely selling price?
The assessed value is around the local average, providing a baseline. However, the final sale price will be influenced by market conditions, the home’s updated condition, and the value of its larger-than-average lot.
4. What does the sale history from 2022 tell us?
The previous sale in mid-2022 provides a recent market benchmark. Understanding the exact sold price (available upon request) would help gauge how much the market has changed since then.
5. Who might this property not suit?
Buyers seeking a large, modern interior or multiple bedrooms on one level may find the main living space too compact. It’s best suited for those who prioritize land size and location over expansive square footage in the main house.