Property Overview: 73 Stranmillis Avenue
Key Characteristics & Appeal
This one-storey home in Glenwood is defined by a compelling contrast: a modest, renovated 780 sqft living space on a notably generous 6,368 sqft lot. Built in 1945, the house itself is smaller and older than many city averages, but its recent basement renovation adds modern utility. The true standout feature is the land. The lot size ranks in the top 2% on its own street and the top 6% in the Glenwood neighbourhood, offering rare potential for expansion, gardening, or outdoor living in a mature area.
Its appeal lies in this balance of a manageable, updated home with exceptional land value. It suits practical first-time buyers or downsizers who want a low-maintenance interior without sacrificing yard space. It’s also a strategic fit for a long-term investor or buyer with future plans, as the large lot provides a tangible asset for potential additions or redevelopment that most nearby properties cannot match.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home is currently assessed at $270,000. The last recorded sale was in July 2022, with a public price range of $315,000-$345,000. For the exact sold price, you can request it via email from the site.
2. Is the large lot typical for the area?
No, it is exceptional. The lot is significantly larger than most on Stranmillis Avenue and in the broader Glenwood neighbourhood, ranking far above average for land area locally.
3. What does "one storey" with a renovated basement mean for living space?
The main living area is 780 sqft on one level. The renovated basement likely adds functional space, but it is not counted in the official "Living Area" square footage metric used for comparisons.
4. Who might this property not suit?
Buyers seeking a move-in-ready home with ample, modern interior space on the main floor may find the living area compact. It may also not fit those who prioritize a brand-new home, as it is part of Winnipeg's older housing stock.
5. Are there similar properties nearby for comparison?
The listing provides examples of nearby homes on the same street and others in the city with similar assessed values (around $270k), such as those in Varsity View and Westdale, for market context.