Property Overview: 55 Clonard Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Glenwood presents a practical and straightforward opportunity. Its key characteristic is its compact, 734 sqft living area, which is smaller than most homes on its street and in Winnipeg overall. However, this is balanced by a fully renovated basement, adding functional space, and a generous 5,094 sqft lot that is above average for the immediate area. The detached garage is a notable asset for storage or parking. Built in 1945, the home is of a typical vintage for the neighbourhood.
The appeal lies in its efficiency and potential. The renovated basement immediately adds usable living space, making the total functional area more competitive. The large lot offers valuable outdoor space and future potential, whether for gardening, expansion, or simply more privacy than newer, denser subdivisions allow. With an assessed value that is average for Glenwood, it represents a relatively accessible entry point into the market.
This property would best suit first-time buyers or downsizers seeking a manageable, low-maintenance footprint without sacrificing yard space. It’s also a sensible fit for an investor looking for a stable rental property in an established neighbourhood. The combination of a modernized basement and a classic lot size offers a "right-sized" home with room to breathe.
Section 2: Frequently Asked Questions
1. Is the house actually smaller than average?
Yes. At 734 sqft, the above-ground living area is below the average for Clonard Avenue, the Glenwood neighbourhood, and Winnipeg city-wide. The renovated basement is a crucial factor, providing additional finished space to offset the smaller main floor.
2. What does the assessed value tell me?
The assessed value of $28,900 is very close to the average for Glenwood. This suggests the property is priced in line with its immediate market, not overvalued based on municipal assessment, which can indicate a fair starting point.
3. How does the large lot size impact the property?
The lot is over 5,000 sqft, which is larger than many neighbouring properties. This is a significant advantage, providing more outdoor space and potential. For the right buyer, this extra land is a greater asset than a few more square feet indoors.
4. What is the significance of the home’s age?
Built in 1945, the home is older than the city-wide average. Buyers should budget for maintenance consistent with an 80-year-old structure and consider a thorough inspection. However, its age is typical for the well-established Glenwood area.
5. Who are the most likely buyers for this home?
Given its size and layout, the most natural buyers are first-time purchasers or empty-nesters looking to downsize from a larger house but who still want a decent yard. The detached garage and renovated basement add practical value for both groups.