Property Overview: 41 Humboldt Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Glenwood presents a practical and value-conscious opportunity. Its key appeal lies in its balance of a renovated basement, a detached garage, and a notably larger-than-average lot for the immediate area. With 5,096 sqft of land, the property offers more outdoor space and potential than many of its neighbours. The living area (857 sqft) is modest but typical for the street, and the home’s assessed value positions it favourably within the local market.
This property would suit first-time buyers or downsizers looking for a manageable, single-level layout in an established neighbourhood. The renovated basement adds valuable flexible space, whether for storage, a hobby room, or additional living area. A thoughtful perspective is that while the home itself is of average size for Glenwood, its above-average lot size and assessed value on Humboldt Avenue suggest a property that holds its ground well in the micro-market of the street, potentially indicating a solid foundation for future value.
Section 2: Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The land area of 5,096 sqft is above average for Humboldt Avenue, ranking in the top 26% on the street. This means you're getting more yard space than most direct neighbours.
2. Is the living space smaller than typical Winnipeg homes?
Yes. At 857 sqft, the living area is below the Winnipeg city-wide average. However, it is very much in line with the average for both the Glenwood area and Humboldt Avenue itself, reflecting the character of this established neighbourhood.
3. What does the assessed value tell us about the property?
With an assessed value that ranks in the top 30% on its own street, this suggests the property is viewed favorably compared to its immediate peers, even though the home's size is average for the area. This can sometimes reflect the lot size, condition, or specific location on the block.
4. The home was built in 1949. What should I consider?
While older than many homes on its street (ranking in the top 24% by age, meaning it's one of the older homes), it is close to the average build year for the wider Glenwood area. A pre-purchase inspection is especially important to understand the condition of original components and the quality of updates like the basement renovation.
5. What is the neighbourhood context like?
The data shows the home's metrics are consistently most aligned with the averages for the immediate Glenwood area, more so than the city as a whole. This indicates a stable, established neighbourhood where property characteristics are similar, which can contribute to predictable value trends.