Property Overview
This 2013-built bi-level home at 64 Humboldt Avenue in Winnipeg's Glenwood neighborhood presents a specific, value-oriented opportunity. Its key appeal lies in being a modern structure within an established area, offering a renovated basement and a home that is significantly newer than most in its immediate vicinity. With 782 square feet of living space, it is a compact home on a smaller lot (2,548 sqft), positioning it as an efficient, low-maintenance property.
The home suits first-time buyers or investors seeking a relatively new build without a premium price tag, as its assessed value sits around the neighborhood average. It’s a practical choice for those who prioritize modern building systems (like a 13-year-old roof and furnace) over square footage or yard size. A less obvious angle is its potential for someone looking to downsize into a manageable property but who wants to avoid the upkeep challenges common with much older Winnipeg homes. The renovated basement adds functional living space, which is a key asset in a smaller floor plan.
Frequently Asked Questions
1. Is this a small home?
Yes. At 782 sqft, its living area is below the average for Glenwood. This makes it efficient and easier to maintain, but buyers should be comfortable with a compact layout.
2. Why is the assessed value notably higher than the last sold price?
The home last sold in early 2021. The current assessed value (~$31.9k) reflects market and assessment updates since then, placing it closer to the current neighborhood average.
3. What does "above average" for Year Built mean here?
It means the home, built in 2013, is much newer than most in the area. The average build year for Glenwood is around 1952, so this property offers modern construction in an older neighborhood.
4. How does the small lot size impact the property?
The lot is below average in size, which means minimal yard maintenance—a plus for some. However, it also limits potential for expansions or large outdoor amenities.
5. What type of buyer is this not suited for?
It may not suit buyers needing multiple bedrooms, ample storage, significant indoor living space, or a large private yard. It’s geared toward those with simpler space requirements.