Property Overview: 41 Essex Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Glenwood presents a practical opportunity centered on value and potential. Its key characteristic is a clear trade-off: the living space is modest at 704 sqft, ranking below average for the area, but it sits on a notably larger-than-average lot for its street at nearly 5,000 sqft. The home’s age (built in 1924) is typical for the neighbourhood and comes with a recently renovated basement. A detached garage adds functional storage or workshop space.
The primary appeal lies in its position as an affordable entry point into the Winnipeg market, underscored by a below-average assessed value. The generous lot size is its standout feature, offering room for expansion, gardening, or outdoor living that is harder to find in newer subdivisions. This property would best suit a first-time buyer, an investor looking for a land-value play, or a hands-on owner who sees the potential to gradually update the home to match the lot's possibilities. It’s a home for those who prioritize land over square footage and are comfortable with a property that offers more in terms of future potential than immediate finish.
Section 2: Frequently Asked Questions
1. Is the sold price history accurate?
The figures shown are estimated ranges based on public data. For the precise sale price, you must request it directly via the provided email service, which is manually verified.
2. How does the assessed value compare to the likely market price?
The assessed value is significantly lower than both recent area sale prices and the city-wide average. In Winnipeg, assessed value for taxation purposes often differs from market value, so consulting a local agent for a current market evaluation is essential.
3. What does the "below average" living area mean for daily life?
At 704 sqft, the main floor living space is compact. Efficient use of the renovated basement will be key to comfortable living, making the home better suited for individuals, couples, or small families.
4. Why is the lot size important here?
The lot is over 35% larger than the average on Essex Avenue. This is the property's main competitive advantage, providing valuable outdoor space and future redevelopment options that many similarly priced homes lack.
5. Are the nearby "worth viewing" properties good comparisons?
Not directly. The listed nearby properties, like 22 Morier Avenue, are much newer and larger with higher assessments. They indicate the general direction of the neighbourhood but are in a different price and style category. Better comparisons would be other older, character homes on similar-sized lots.