Property Summary: 59 Stranmillis Avenue, Glenwood, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Glenwood is defined by its generous living space and a large, classic lot. At 1,384 sqft, the house offers significantly more interior room than most comparable homes on its street and in the neighbourhood. The property sits on a nearly 4,700 sqft lot, providing ample outdoor space. Built in 1927, it is an older character home with a detached garage and an unfinished basement.
The primary appeal lies in its spaciousness and lot size within a well-established area. It represents a classic Winnipeg housing stock with room to grow or customize. The assessed value is notably below area averages, which may indicate an opportunity for a buyer willing to invest in updates. This property would suit a practical buyer looking for solid square footage and yard space over modern finishes. It’s ideal for someone with renovation plans, or who values larger rooms and garden potential, and is comfortable with the maintenance considerations of a nearly century-old home.
Section 2: Frequently Asked Questions
1. Is the basement usable in its current state?
The basement is noted as "not renovated." It is unfinished, meaning it has raw space but would require significant investment to create livable rooms or proper storage.
2. How does the assessed value relate to the likely selling price?
The assessed value is consistently below local averages. While not a direct predictor of sale price, this often suggests the property may be valued lower due to factors like age or condition, potentially offering a different value proposition compared to updated homes.
3. What does the "above average" living area ranking mean practically?
Ranking in the top 15% on its street for living area means this home has more interior space than 85% of similar nearby properties. You are getting more house, which is a key advantage in this location.
4. Are there any obvious concerns with a home built in 1927?
While offering character, a home of this age will likely have older mechanical systems (like plumbing and wiring), windows, and insulation. A thorough inspection is essential to understand the scope of any needed updates or repairs.
5. What is the context of the last known sale price from 2019?
The home sold for an estimated $20.5k-$23.5k in late 2019. This historical data is useful for tracking trends, but market conditions have changed significantly since then. Current value will be driven by today's market, the property's condition, and recent comparable sales.