Property Overview & Key Characteristics
This two-storey home at 52 Bank Avenue in Winnipeg's Glenwood neighborhood stands out for its modern build and generous living space relative to its surroundings. Built in 2018, it is a notably newer construction compared to most homes on its street and in the wider area. With 1,592 sqft of living area, it ranks in the top tier (top 1-5%) for size both on Bank Avenue and within Glenwood, offering significantly more room than local averages. The home also features a renovated basement.
Its appeal lies in this combination of modern amenities and above-average space in an established neighborhood. The property’s assessed value is consistently high relative to its immediate peers, suggesting it is viewed as a premium offering on its street. A thoughtful perspective is that while the lot size is smaller than area averages, this often translates to less exterior maintenance, focusing the value on the modern home itself rather than the land.
This home would best suit buyers looking for a move-in ready, modern property without the wait or uncertainties of new construction, and who prioritize interior living space over a large yard. It’s ideal for professionals or small families seeking a low-maintenance, contemporary layout in a mature community.
Frequently Asked Questions
1. How does the home’s value compare?
The assessed value of $55.3k places it in the top 2% on its street and top 4% in Glenwood, indicating it is considered a high-value property within its local market context.
2. Is the lot size a concern?
The land area is smaller than most comparable lots in the area. For some, this means less yard work and a more efficient footprint. For others who prioritize extensive outdoor space, it’s an important consideration.
3. What does "renovated basement" include?
The listing confirms a renovated basement but does not specify the details. This would be a key point to clarify with the seller or listing agent regarding the finish, permits, and intended use.
4. How recent are the sales data?
The last recorded sale was in January 2022, with a price range provided. For the exact sale price and any more recent activity not yet in public records, you would need to request that information directly.
5. What are the implications of a 2018 build in this area?
A home built in 2018 is significantly newer than the neighborhood average (most homes were built around 1952). This typically suggests updated building codes, modern systems, and potentially lower immediate maintenance costs, but it's always wise to have a thorough inspection.