Property Overview
This 2021-built bi-level home at 78 Essex Avenue in Winnipeg's Glenwood neighborhood offers a modern, low-maintenance living option in an established area. Its key appeal lies in being a nearly new construction, sparing buyers from immediate major repairs or updates that are common with older area homes. With 979 sqft of living space and a renovated basement, it provides efficient, contemporary living on a modest 2,561 sqft lot.
The home is particularly suited for first-time buyers seeking a move-in-ready property, downsizers looking for a modern, single-level floor plan (bi-level), or investors wanting a newer asset with potentially lower upkeep costs. Its above-average assessed value for the street and neighborhood suggests it is perceived as a premium property within the immediate context, likely due to its newness. A thoughtful perspective is that while the lot size is smaller than most in the city, this translates to less yard work, aligning perfectly with a desire for easy living. The data indicates you're buying modernity and efficiency over sheer space.
Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
The assessed value ($42.50k) ranks in the top 6% on Essex Avenue, largely because the home was built in 2021. It is the newest home on the street by a significant margin, with neighboring properties averaging a build year of 1941. The premium reflects its modern construction, systems, and condition.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on finishes, layout, or whether it includes a legal suite are not provided in the public data. This is a key detail to clarify with the listing agent to understand the home's full living space and potential.
3. Is the lack of a garage a concern?
The property has no garage. This is common for many older neighborhoods but may be a consideration for vehicle storage or workshop space. The very small lot size limits options for adding a detached garage without sacrificing most of the yard.
4. How does the living space compare to the area?
At 979 sqft, the living area is above average for Essex Avenue but slightly below average for the broader Glenwood neighborhood. This indicates the home is efficiently sized for the street and is typical of newer, denser construction patterns.
5. The home sold in 2021; is the current price close to that last sale price?
Public data shows a sold price range of $41.50k ~ $44.50k in October 2021. The current assessed value is $42.50k, which aligns closely with that range. For the exact sale price and to understand current market value, you should request the precise history from the provided service or consult a real estate agent.