Property Overview & Key Characteristics
This one-storey home at 89 Haig Avenue in Winnipeg's Glenwood neighbourhood is a compact, historic property built in 1914. Its key appeal lies in its position as an entry-point property with a very low assessed value, currently among the most affordable in its immediate area, street, and city-wide. The 702 sqft living area is modest and below average for comparable homes, and it sits on a smaller 2,448 sqft lot. The home features a basement (not renovated) and a detached garage.
This property would primarily suit a specific type of buyer: those seeking absolute minimum upfront cost to enter the market, investors or renovators looking for a project with a low baseline investment, or individuals who prioritize location over space. Its value is fundamentally in the land and the opportunity it represents, rather than in its current condition or size. A thoughtful perspective is that while its metrics rank low in comparisons, this creates a clear and contained project scope—there’s no premium paid for existing upgrades, allowing a buyer to tailor improvements to their own taste and budget without over-capitalizing on an already-renovated home.
Frequently Asked Questions
1. Why is the assessed value so much lower than the average sold prices shown?
The assessed value is for taxation purposes and is often lower than market value. The sold price history from 2020 shows a range between $155k and $185k, which is a more relevant indicator of its market value, though prices have likely changed since then.
2. What does the "Top 97%" ranking mean for Living Area?
This statistic means the home's living area is smaller than about 97% of comparable homes on Haig Avenue. It confirms this is a notably compact property, which is a key factor in its affordability.
3. Is the basement finished?
No. The listing specifies the basement exists but is "not renovated." Buyers should budget for any desired improvements and consider potential moisture issues common in older Winnipeg basements.
4. Who would this property not be suitable for?
It would likely not suit buyers needing move-in-ready condition, families requiring more space, or anyone uncomfortable with a home that ranks below average in size, lot size, and year built compared to its peers.
5. How can I get the exact historical sold price?
The exact sold price is not publicly displayed. As noted on the detail page, you can provide your email to request this information manually from the site, which they aim to provide by the end of the same day.