Property Overview
53 Handyside Avenue is a compact, one-storey home in Winnipeg's Glenwood neighbourhood. Built in 1949, it sits on a standard city lot just over 4,500 square feet. The home’s 778 square feet of living space is notably smaller than most in the area, placing it in the bottom quarter for size locally. However, its assessed value is firmly in the middle range for the street and neighbourhood, suggesting the lot location and a renovated basement add underlying value. The property last sold in mid-2024, indicating a recent market transaction.
Key Characteristics & Appeal
This home’s primary appeal is its efficiency and location. It represents a lower-cost entry point into a mature neighbourhood, ideal for those who prioritize land and location over interior square footage. The renovated basement effectively adds functional living space, making the overall package more practical than the main floor area alone suggests.
It would suit a first-time buyer, an investor, or a downsizer seeking a manageable property with minimal upkeep. The buyer should be comfortable with a cozy floor plan and see value in the potential of the lot and the established community. A thoughtful perspective is that this property may appeal to someone who lives an active, out-and-about lifestyle, viewing the home primarily as a comfortable base rather than a place for expansive living or entertaining large groups.
Frequently Asked Questions
1. Is the house too small for a couple or small family?
While compact at 778 sqft on the main floor, the renovated basement provides additional finished space. It would require efficient use of space and may feel cozy for a family with children, but could work well for a couple or a single occupant.
2. Why is the assessed value average when the house is below average in size?
The assessment likely reflects the combined value of the land in Glenwood, the renovated basement, and the overall condition. In established neighbourhoods, lot value and updates often weigh heavily, sometimes offsetting a smaller main footprint.
3. What does the recent 2024 sale indicate?
The sale just last year suggests the current price is closely aligned with very recent market conditions, providing a clear, up-to-date benchmark for value.
4. Are older homes like this expensive to maintain?
Built in 1949, major systems may be older and could require inspection. However, the recent sale might also indicate updates have been made. A thorough pre-purchase inspection is always recommended for homes of this age.
5. How does this property compare to others on the same street?
It has a smaller living area than most neighbours, but its assessed value and lot size are typical for Handyside Avenue. This positions it as a more affordable option on the block, offering similar location benefits.