Property Overview: 9 Blenheim Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home built in 1942, situated on a standard-sized lot in the Glenwood neighborhood. Its key characteristic is its simplicity: with 766 sqft of living space and an unfinished basement, it offers a straightforward layout without modern renovations. There is no garage or pool.
The primary appeal lies in its position as an entry-point property. With a historically low assessed value that ranks at the very bottom of its immediate street and neighborhood, it presents one of the most accessible ownership opportunities in the area. This isn't a move-in-ready showhome; its appeal is for a buyer who sees potential in the fundamentals—a solid lot in an established community—and is willing to invest sweat equity or gradual updates. It would suit a first-time buyer on a tight budget, an investor looking for a long-term hold with minimal initial outlay, or someone seeking a modest footprint without the premium of a renovated character home. A less obvious perspective is that its "below average" metrics across the board could represent a rare insulation from market volatility, as its value is already grounded in the land and location rather than fleeting interior trends.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property's current state, size, and recent sales data for similar homes in its immediate area. As an older, smaller home without recent major renovations, its value is consistent with other entry-level properties in Glenwood, not with the broader city-wide average which includes newer and larger homes.
2. What does the "Top 100%" ranking for value on the street mean?
This means the property's assessed value is the lowest among the 74 comparable properties on Blenheim Avenue. It is at the 100th percentile, indicating it is a baseline value property on this street.
3. Is the unfinished basement a drawback?
It depends on your goals. It lacks finished living space, which affects overall square footage and immediate move-in appeal. However, it provides essential utility space and represents the single biggest opportunity to add value and customize the home to a future owner's needs.
4. How reliable are the past sold price ranges shown?
The ranges are derived from public data. For precise historical sale figures, you must request the exact sold price history via email, which the provider will send manually. This is a common practice to ensure data accuracy against public records.
5. What is the realistic potential for this property?
The potential is in the lot location and the structure's simplicity. It is a candidate for a gradual live-in renovation, expansion (subject to zoning), or long-term holding as a rental. Its value is unlikely to be driven by interior finishes in the short term, but by the underlying demand for well-located, affordable housing in Winnipeg.