Property Summary: 7 Avondale Road, Glenwood, Winnipeg
Key Characteristics & Appeal
This one-storey home in Glenwood presents a compelling blend of established character and relative value. Its key features include a renovated basement, a detached garage, and a 1,034 sqft living space that is notably above average for its immediate street. The standout characteristic is its assessed value of $39,500, which ranks in the top 2% on Avondale Road and the top 16% in the Glenwood area, suggesting a strong valuation position within its most relevant markets. Built in 1956, the home is newer than most on its street and in the neighbourhood.
The appeal lies in its position as a solid, well-situated property in an established community. It suits practical buyers looking for a manageable, single-level layout with modernized below-ground space and the convenience of a detached garage. A thoughtful perspective is that this home represents an opportunity in "relative value"—while its city-wide metrics are average, its superior standing within its immediate locale and neighbourhood could indicate a stable or desirable micro-market, appealing to those who prioritize community positioning over city-wide comparisons.
Frequently Asked Questions
1. What does the "Elite" ranking for Assessed Value actually mean?
It means that, compared to 56 homes on Avondale Road, this property's assessed value is in the highest 2% (ranked #1). This indicates it is valued significantly higher than the street's average, which is often a positive sign of the property's condition, features, or lot appeal relative to its direct neighbours.
2. Is the living space sufficient for a family?
At 1,034 sqft above grade, the living area is practical for a small family or couple. The renovated basement provides additional flexible space, which can help accommodate growing needs for recreation, home office, or guest areas.
3. What are the implications of the home being built in 1956?
While 70 years old, the home is actually newer than most on its street and in Glenwood. This can be an advantage, potentially meaning updates to core systems may have occurred more recently than in older neighbouring homes, though a thorough inspection is always recommended.
4. How does the sold price history help?
The last recorded sale (Oct 2022) in the $38.5k-$41.5k range aligns closely with the current assessed value. This consistency suggests a stable market perception of the property's worth over the past few years.
5. Who would this property suit best?
It is ideally suited for first-time buyers, downsizers, or investors seeking a character home in an established neighbourhood without an extensive maintenance footprint. The single-storey layout and renovated basement add to its accessibility and functionality for these groups.