55 Fifth Avenue

Property Overview

This one and three-quarter storey home in Winnipeg's Glenwood neighborhood presents a classic character property with practical updates. Built in 1917, it sits on a notably large lot for the area, over 6,100 square feet, offering above-average outdoor space. The 1,450 square foot living area is spacious compared to most homes on its street and in Glenwood. Key features include a renovated basement and a detached garage. Its assessed value is in line with the local area average.

Section 1: Key Characteristics & Appeal

This home’s primary appeal lies in its generous proportions—both in living space and land size—within a mature neighborhood. It suits a buyer looking for a character home with room to breathe, potentially for gardening, children, or future additions, without the premium price of a new build. The renovated basement adds functional living space, a valuable update in an older home.

It would be an excellent fit for a practical buyer who appreciates older home charm but wants some modern convenience, and for whom a large, private yard is a priority over a brand-new construction. A less obvious point is its appeal to value-conscious buyers: its living space ranks highly within its immediate area, meaning you get more interior room per dollar here than in many neighboring homes. However, it’s best suited for those comfortable with the maintenance considerations of a century-old structure.

Section 2: Frequently Asked Questions

1. What does "one and three-quarter storey" mean?
Typically, this style features a full main floor and a second floor where the roofline slopes inward, creating some rooms with full-height walls and others with sloped ceilings or dormer windows. It offers more space than a bungalow but often with a cozier feel on the upper level than a full two-storey.

2. How does the large lot size benefit me?
Beyond simple outdoor space, a larger lot in an older neighborhood like Glenwood can provide more privacy, better potential for landscaping, and future flexibility (like adding a shed or deck) that isn't possible on tighter lots. It can also contribute to long-term value.

3. The home is older—what should I check?
While the basement has been renovated, it's wise to have a thorough inspection focusing on foundational integrity, the age and condition of the roof, wiring, plumbing, and insulation. These are common areas where older homes may need attention or have already been updated.

4. The assessed value is noted as "around average." What does that indicate?
It suggests the property is priced consistently with the local market, not over- or under-valued based on municipal assessment. It provides a stable, predictable base for property taxes and suggests the home is not an outlier, which can be reassuring for financing and resale.

5. Is the detached garage a pro or a con?
This depends on preference. It provides flexible storage or workshop space separate from the house. The downside is exposure to the elements when going between your car and home in winter. For some, the separation is a benefit; for others, an attached garage is a key convenience.