Property Overview
This home at 75 Fifth Avenue in Winnipeg's Glenwood neighbourhood presents a distinct blend of historic character and above-average space. Built in 1917, it is a one-and-three-quarter storey house with 2,350 square feet of living area, a detached garage, and a full, unrenovated basement. Its 6,112 sqft lot is notably larger than most in the immediate area.
Key Characteristics & Appeal
The primary appeal of this property lies in its generous proportions. With a living area ranking in the top 1% for its street and neighbourhood, it offers significantly more interior space than typical local homes. This is paired with a land area that is well above the Glenwood average, providing ample outdoor space. While its 1917 vintage means it is older than most area homes, this also suggests classic architectural details. The assessed value is consistently above average across all comparison levels, indicating a solid perceived worth.
This home would best suit a buyer who values space and lot size over modern construction and who is prepared for the maintenance or potential updating that comes with a century-old home. The unrenovated basement presents a clear opportunity for customization. It’s a practical choice for those seeking room to grow in a settled neighbourhood, without the premium price of a newly built property of equivalent size.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for older Winnipeg homes. It typically features a full main floor and a second floor where the roofline slopes inward, creating some rooms with sloped ceilings or slightly reduced square footage on the upper level compared to a full two-storey.
2. The assessed value seems low compared to national averages. Is this accurate?
Yes. Property assessments in Winnipeg are not directly comparable to markets like Toronto or Vancouver. The key metric here is that this home's assessment is consistently in the top 9-23% when compared locally to its street, neighbourhood, and the entire city, confirming it is valued above average for this market.
3. How significant is the lot size?
At over 6,000 sqft, the lot is a major asset. It ranks in the top 9% for the Glenwood neighbourhood, meaning it offers more private outdoor space than over 90% of nearby properties, which is a rare find in established city neighbourhoods.
4. Should I be concerned about the unrenovated basement?
This depends on your plans. It presents both a consideration and an opportunity. You should budget for potential updates to suit your needs, but it also allows you to finish the space to your own specifications without undoing someone else's work.
5. The home is older than most in the area. What should I check?
While the older build year (1917) is reflected in the price and assessment rankings, a thorough inspection is essential. Focus on the foundation, roof, wiring, plumbing, and heating systems to understand the condition and any upcoming investments needed to maintain or upgrade these core elements.