Property Overview
68 Bank Avenue is a modern, 2020-built bi-level home in Winnipeg's Glenwood neighborhood. With 910 square feet of living space, it sits on a compact, 2,498 sqft lot. The home features a basement (not renovated) and no garage or pool. Its most recent assessed value is $32,400.
Key Characteristics & Appeal
This home’s primary appeal is its modern construction in an established area. Built in 2020, it is newer than 95% of homes in Glenwood, offering contemporary building standards, energy efficiency, and minimal immediate maintenance. The bi-level design provides a clear separation between living and sleeping areas. Its assessed value is strong for its immediate street, ranking above average among neighbors.
The compact lot and lack of a garage position this as a low-maintenance property, ideal for those who prefer spending less time on yard work or who value a newer home over expansive outdoor space. It would suit first-time buyers seeking a modern, move-in-ready home, downsizers looking to reduce upkeep without sacrificing modern comforts, or investors interested in a relatively new rental property with lower maintenance demands. A thoughtful perspective is that this home offers the rarity of a "blank slate" basement in a new build, allowing for future customization without the burden of undoing old renovations.
Frequently Asked Questions
1. What does "basement, not renovated" mean?
The basement is unfinished or in its original builder state. This provides a clean canvas for future development to suit an owner's needs, whether for additional living space, storage, or a recreational area.
2. How does the small lot size impact daily living?
The lot is significantly smaller than typical for the area. This means minimal yard maintenance, which is a benefit for those seeking simplicity. However, it also limits potential for additions, extensive gardening, or large outdoor entertaining spaces.
3. Is the lack of a garage a major drawback?
This depends on lifestyle. For those comfortable with street parking or using a driveway, it may not be an issue. It's important to consider Winnipeg's climate, as a garage provides vehicle protection in winter. The compact lot also limits the feasibility of adding a garage later.
4. The home sold recently in early 2025. Why is it back on the market?
Without specific disclosure from the seller, this is unknown. Common reasons for quick resales can include changes in personal circumstances, relocation, or investment strategies. A professional home inspection is always recommended to ensure there are no underlying issues.
5. How does the assessed value relate to the expected selling price?
The assessed value ($32,400) is for municipal tax purposes and is typically lower than market value. The recent sale in early 2025 provides a more current market benchmark, with the reported sale price range suggesting the market value is higher than the assessed value.