Property Overview
This 883 sqft bi-level home at 76 Ellesmere Avenue in Winnipeg's Glenwood neighborhood presents a specific, modern value proposition. Built in 2017, it is a notably newer construction compared to most homes on its street and across the city. It features a renovated basement and a detached garage. The home sits on a compact 2,562 sqft lot, which is smaller than typical for the area.
Its primary appeal lies in its modern build within an established neighborhood, offering move-in readiness with less concern for major immediate repairs or updates common in older homes. It suits first-time buyers or downsizers seeking a low-maintenance, contemporary property without a premium "new build" price tag, and who prioritize interior condition over expansive outdoor space. A thoughtful perspective is that while the living area is modest, its newer systems and layout efficiency might make the space more functional than older, larger comparables. The above-average assessed value for the street suggests it is viewed as a solid asset within its immediate context.
Frequently Asked Questions
Is this a good value for the neighborhood?
The data suggests it is. Its assessed value ranks above average for both Ellesmere Avenue and the broader Glenwood area, indicating municipal assessment sees it as a strong contributor relative to its peers, likely due to its recent construction year.
How does the lot size impact the property?
The lot is significantly smaller than area averages. This means lower yard maintenance, but also limited potential for expansions like large decks or additions. It emphasizes the property as a home, not a land play.
What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the scope. This should be a key verification point during a viewing to understand if it's a finished living space, updated utilities, or both, and whether permits were obtained.
Why is the citywide assessed value comparison so different?
The "around average" citywide ranking compares it to all Winnipeg properties. The much higher average value in that group reflects the inclusion of newer, higher-value suburbs and fully detached homes on larger lots. This highlights that 76 Ellesmere's value is very specific to its mature neighborhood context.
As a newer home, are there any potential drawbacks?
While newer homes have modern systems, it's wise to inquire about the builder's reputation and review the status of the original Tarion-style new home warranty, which may be nearing its end after 7 years. Also, understand any established neighborhood covenants that might affect future exterior changes.