Property Overview
45 Imperial Avenue is a compact, one-storey home in Winnipeg's Glenwood neighborhood. Built in 1944, it sits on a standard-sized lot for the area and features a renovated basement and a detached garage. Its key appeal lies in its efficiency and manageability. The home's living space is notably smaller than most in the city, which translates to lower utility costs and minimal upkeep—a significant advantage for those looking to minimize expenses and maintenance time. With an assessed value that is average for its immediate street and neighborhood, it presents as a grounded, no-frills entry point into the market.
This property would suit first-time buyers, downsizers, or pragmatic investors seeking an affordable and straightforward property. Its size is not for everyone, but for the right buyer, it offers the chance to own a single-family home with a yard and garage without the footprint or price tag of a larger modern house. The renovated basement adds valuable flexible space, helping to offset the smaller main floor area.
Frequently Asked Questions
1. Is the house too small?
At 672 sqft of living area, it is significantly smaller than the Winnipeg average. This is the defining characteristic of the home. It will suit those who prioritize simplicity and low overhead, but may feel cramped for those needing dedicated office spaces, guest rooms, or ample storage.
2. Why is the assessed value so much lower than the citywide average?
The assessed value is closely aligned with averages for Imperial Avenue and the Glenwood area, reflecting the local market for older, modest-sized homes. The dramatic difference from the citywide average (around $390k) highlights how this property exists in a more affordable segment of Winnipeg's diverse housing market.
3. What does "renovated basement" mean?
The listing confirms the basement is renovated but does not specify the extent or quality. A prospective buyer should clarify what work was done, whether it includes a proper bathroom or kitchenette, and if all permits were closed. This space is crucial for adding functionality to the home.
4. How does the age of the home affect it?
Built in 1944, the home is older than most in the city. This can mean charming character but also potential for older building materials and systems. The recent basement renovation is a positive, but inspections should focus on the core structure, roof, wiring, and plumbing.
5. The last sale was in 2019; is that a concern?
Not inherently. The property has been held for several years, which is typical. The sold price history provides a useful benchmark for market trends on this street. The current assessed value being close to the 2019 sale range suggests stability rather than dramatic fluctuation in this specific locale.