Property Overview: 39 Essex Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home in Glenwood presents a classic, no-frills opportunity. Built in 1914, its key characteristic is its solid, above-average footprint for the immediate area, offering 1,056 sqft of living space on a near 5,000 sqft lot. The appeal lies in its straightforward utility: a detached garage and a full, unrenovated basement that provides ample storage or future project space. The assessed value is modest, especially when viewed citywide, suggesting a lower property tax burden relative to many Winnipeg homes.
This property would suit a practical buyer looking for a home with character and space in a mature neighbourhood, without the premium price of a modern build. It’s a fit for those comfortable with a home that has history and may require updates over time, or for an investor seeking a rental property with a stable, uncomplicated structure. A less obvious perspective is its appeal to a buyer who values a larger private outdoor space in the neighbourhood—the lot size is notably generous for Essex Avenue.
Section 2: Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for homes of this era. It typically features a full main floor and a second floor where the roofline slopes inward, creating cozy bedrooms with slightly reduced ceiling height in parts of the upper level, adding to its character.
2. Is the low assessed value a concern?
Not necessarily. The assessed value is used for calculating property taxes. While it is below the city average, it is around the average for Glenwood and Essex Avenue itself. This generally indicates a proportionally lower annual tax cost compared to newer or more extensively renovated homes.
3. The basement is noted as "not renovated." What should I expect?
You should anticipate a functional, utilitarian space. It will likely have concrete floors and walls, basic lighting, and be suited for laundry, storage, or mechanical systems. It presents a blank canvas for future finishing but is not a modern living area.
4. How does the sale history inform the current value?
The home sold previously in 2016 and 2021. The price ranges shown indicate steady, modest appreciation in line with its peer group on the street. This history suggests a stable, predictable market for this type of property in this location.
5. The home is older—what are the potential trade-offs?
Benefits include established neighbourhoods, larger lot sizes, and often sturdy construction. Considerations include the potential for older mechanical systems (like plumbing or heating) and the need for updates to improve energy efficiency. The unrenovated basement also means there are no hidden issues from poor DIY renovations.