Property Overview
This 744 sqft, one-storey home on a 4,183 sqft lot presents a practical opportunity in Winnipeg's Glenwood neighbourhood. Built in 1943, its key appeal lies in its renovated basement and its position as a modest, lower-priced entry point into the city's housing market. While its living space is notably compact compared to area and city averages, its assessed value is proportionally lower, aligning more closely with local street and neighbourhood norms. It suits first-time buyers, downsizers, or investors seeking a straightforward, no-frills property where the value is in the land and location rather than square footage. A thoughtful perspective is that its smaller size and older vintage could mean lower utility costs and a simpler, more manageable upkeep, appealing to those prioritizing efficiency over expansiveness.
Frequently Asked Questions
1. How does the size of this home compare to others in the area?
At 744 sqft, the living area is below average for Stranmillis Avenue, Glenwood, and Winnipeg overall. This is reflected in its below-average assessed value, making it a more affordable option in the trade-off for space.
2. What does the "renovated basement" entail?
The listing confirms a renovated basement but does not specify the details. This should be verified with the seller or listing agent to understand the finish, ceiling height, permits, and whether it's developed as living space or utility/storage.
3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value (approximately $29,300) is for municipal tax purposes. Recent sold price data for the area suggests sale prices can vary. The listed "exact sold price history" service indicates the last known sale (2020) was in a similar range, but current market conditions will determine the final price.
4. What are the implications of the home's age (1943)?
Built 83 years ago, the home is older than many in the city. This can mean character and established landscaping, but it warrants a thorough inspection for the condition of major systems like wiring, plumbing, and the foundation, which may need updates or maintenance.
5. There is no garage. What are the parking options?
The listing specifies no garage. Parking is likely via a driveway or on-street. Checking local bylaws for on-street parking restrictions and confirming the presence and size of a private driveway would be important steps.