Property Overview: 32 Stranmillis Avenue
Section 1: Key Characteristics & Appeal
This is a classic, compact one-storey home built in 1924, situated on a standard-sized lot in the Glenwood neighbourhood. With 776 square feet of living space and an unrenovated basement, it presents as a straightforward, no-frills property. Its assessed value is notably below average for the street, area, and city, reflecting its age and modest footprint.
The primary appeal lies in its potential and position as an affordable entry point into the Winnipeg market. It suits a specific buyer: the practical first-time purchaser, an investor looking for a rental property, or a hands-on individual seeking a renovation project. Its smaller scale means lower utility costs and less maintenance, which can be a significant draw. A less obvious perspective is its value for someone seeking to minimize their physical and financial footprint without leaving the city—it offers the benefits of homeownership without the burden of excessive space. The data suggests that while the home itself is modest, it holds its ground reasonably well on its own street, indicating a stable, established micro-location.
Section 2: Frequently Asked Questions
1. Is this a "tear-down" or a "fixer-upper"?
Given its age and below-average assessed value, it likely requires significant updates. However, its living area is around average for Stranmillis Avenue, suggesting the structure itself may be sound and usable, leaning more toward a candidate for renovation rather than immediate replacement.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific characteristics: its smaller size, age, and the condition implied by an unrenovated basement. It is assessed in line with similar, older, compact homes in its immediate area, not with larger, newer builds city-wide.
3. What are the implications of the unrenovated basement?
This typically indicates original or dated mechanical systems (like plumbing and heating), limited finished living space, and potential moisture or insulation issues. It represents both a current limitation and the clear opportunity for a future project to add value and livable space.
4. How does this property compare to others on the same street?
The data shows it is fairly typical for Stranmillis Avenue in terms of living and land area, but it is older and has a lower assessed value than most of its direct neighbours. This can indicate a more affordable price point on a street of otherwise similar homes.
5. You provide sold price ranges. What was the exact last sold price?
For privacy and data accuracy reasons, exact sold prices are not published publicly. We provide researched ranges based on available data. The exact sold price from August 2021 can be requested directly from our team via email, which we provide manually and without obligation.