Property Overview: 91 Haig Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Glenwood neighborhood, built in 1923. With 720 sqft of living space and a 2,448 sqft lot, it is notably smaller than most homes on its street, in the area, and across the city. The property features a detached garage and a basement that is present but not renovated. Its most defining characteristic is its exceptionally low assessed value, which ranks at the very bottom compared to neighboring properties. This creates a unique proposition: it is one of the most affordable entry points into homeownership in the city.
The appeal lies squarely in its potential and position as a true starter home or investment base. It suits a specific type of buyer: a handy first-time purchaser willing to take on a gradual renovation project, or an investor looking for a low-cost rental property with future value-add possibilities. Its small size means lower utility costs and manageable upkeep, while the lot offers outdoor space. A less obvious perspective is that its "below average" metrics across the board represent a minimized financial barrier, allowing a buyer to build equity through improvements rather than through a massive initial mortgage. It’s a property for those who see value where others see only comparatives.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value reflects the property's smaller size, age, and condition relative to others on the street and in Glenwood. It is based on its current state, not its potential after renovation.
2. What does "basement not renovated" typically mean?
It indicates the basement is unfinished or in original condition. It is usable for storage or utilities but would require investment to become a finished living space. Buyers should budget for any necessary moisture-proofing or updates.
3. Is this a good option for a first-time homebuyer?
For a buyer with realistic expectations and some renovation skills or a modest renovation budget, it can be an excellent way to enter the market with a very low property tax base and mortgage, building sweat equity over time.
4. How does the small lot size impact the property?
The lot is smaller than average but still provides private outdoor space. It means less yard maintenance, which can be a positive for some, but may limit expansion possibilities or the addition of large structures like a new garage.
5. Where can I find the exact historical sale price?
Exact sold prices are not published publicly. You can request the precise sale history by emailing the site directly via the "Get exact sold price history" button; they provide this data manually without using your email for marketing.