Property Summary: 37 Stranmillis Avenue
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1928, situated on a standard-sized lot in the Glenwood neighbourhood. Its key characteristic is its modest scale, with a living area of 616 sqft that is notably smaller than most homes on its street, in the area, and across Winnipeg. The assessed value is correspondingly low, ranking well below local and city averages. The basement exists but is not renovated, and the property has no garage or pool.
The primary appeal lies in its affordability and potential as an entry point into the housing market. It suits buyers with a limited budget seeking a straightforward, low-maintenance footprint, such as first-time homeowners, downsizers, or investors looking for a rental property. A thoughtful perspective is that a home of this size and vintage offers a rare opportunity for a manageable, energy-efficient renovation or a "right-sized" living space without the burden of unused rooms. Its below-average price point on a decent lot could also appeal to those viewing it as a long-term land value play in an established neighbourhood.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's relatively small size, older age, and lack of recent renovations compared to the broader Winnipeg market, which includes many larger, newer, and updated properties.
2. What does "below average" for living area mean in practical terms?
With 616 sqft, this home's interior space is significantly less than typical houses. It will likely have a compact layout with fewer or smaller rooms, requiring efficient use of space.
3. Is the unrenovated basement finished or usable?
The listing specifies the basement is "not renovated," which typically means it is unfinished (likely concrete floors and walls, exposed utilities). It provides storage or mechanical space but is not a furnished living area.
4. How recent is the sold price information?
The most recent sale shown is from April 2024, with a price range of $23.5k to $26.5k. For the exact historical sold price, you must request it directly via the provided email service.
5. The home is older—what should I consider?
Built in 1928, major systems (like plumbing, electrical, or the foundation) may be original or outdated. A thorough inspection is crucial to understand the condition and anticipate any necessary updates or repairs.