Property Overview
This one-storey home at 42 Imperial Avenue in Winnipeg's Glenwood neighborhood presents a practical opportunity in a well-established area. Its key appeal lies in its balance of a generous, renovated basement and a larger-than-average lot for the immediate area, offering space and potential at a value-conscious price point. Built in 1922, it is a character home that requires an appreciation for older properties and their maintenance considerations.
The home would suit first-time buyers or downsizers looking for a solid, no-frills entry into the market with room to grow or customize over time. It's also a candidate for a long-term hold investor seeking a stable rental property in a central neighborhood. The data suggests it is a very typical home for its street and area in terms of size and value, making it a straightforward benchmark property without unexpected premium costs or conditions.
Frequently Asked Questions
1. How does this home's value compare to others nearby?
The assessed value is consistently around the average for both Imperial Avenue and the broader Glenwood neighborhood. This indicates you are not overpaying for the location relative to nearby properties, but also not finding a major discount.
2. What are the implications of the 1922 build date?
While the renovated basement is a positive update, a home from this era will likely have older core systems (like plumbing and electrical) and require a mindful, proactive maintenance approach. It ranks in the oldest 10-15% of homes on its street, so a thorough inspection is essential.
3. The lot size is noted as "above average" for the street. What does that mean practically?
With just over 5,000 sqft, the lot is larger than many immediate neighbors. This could allow for more private outdoor space, gardening, or future expansion like a shed or deck, which can be a rarity in older central neighborhoods.
4. Is the sold price history from 2017 relevant today?
It provides a historical benchmark, but the market has changed significantly since then. The more relevant context is the current assessed value and how it compares to recent sales of similar homes in Glenwood, which the listing's comparison tools can help illustrate.
5. Who might this property not suit?
Buyers seeking a modern, move-in-ready home with contemporary layouts and finishes may find the age and original main floor a project. Similarly, those prioritizing a garage or newer construction should look elsewhere. It's a home for those who see potential and value in a classic structure.