Property Overview: 48 Imperial Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a compact, one-storey home in Winnipeg's Glenwood neighbourhood, built in 1945. Its key characteristic is its modest scale, with 624 sqft of living space, which places it below the average size for the area. The home sits on a roughly average-sized lot of just over 4,500 sqft. A notable feature is its renovated basement, adding functional space. The home’s assessed value is significantly below city-wide averages, reflecting its size and vintage.
The primary appeal lies in its affordability and efficiency. It represents a very accessible entry point into homeownership, with recent sold prices in a modest range. The renovated basement adds value, effectively expanding the usable space beyond the main floor square footage. The lot size offers potential for gardening or outdoor enjoyment relative to the home's footprint.
This property would best suit a first-time buyer, an investor, or someone looking to downsize. It’s ideal for those prioritizing financial accessibility over square footage, or for an investor seeking a rental property with a lower entry cost. It’s less suited for those requiring multiple bedrooms or extensive living areas.
Frequently Asked Questions
1. Is the living space too small?
At 624 sqft on the main floor, the living area is compact. However, the renovated basement provides additional finished space, making the total usable area more practical for one or two people.
2. Why is the assessed value so much lower than the city average?
The assessed value is based on factors like the home's size, age, and characteristics relative to others. Its below-average square footage and vintage result in an assessment that is proportionally lower than larger, newer homes citywide.
3. What does the "below average" ranking for living area mean?
This statistical ranking compares the home to others on its street, in Glenwood, and across Winnipeg. It confirms that this home is smaller than most comparable properties, which is a key factor in its pricing.
4. What is the potential for future value growth?
As an affordable entry-level property in an established neighbourhood, its value is likely tied to overall market movements. Any significant appreciation may depend more on broader market conditions or future upgrades by an owner rather than the inherent value of the original structure.
5. Are the sold prices shown the exact prices?
No. The listed sold price ranges are estimates based on public data. To obtain the exact historical sale price, you must request it via email from the site, as noted in the details.