Property Summary: 92 Fifth Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Glenwood is defined by its generous scale and established presence. Its primary appeal lies in offering significantly more space than most homes in its immediate area. With 2,220 sqft of living area and a 6,148 sqft lot, it ranks in the top 6-7% of the neighbourhood for size, providing room to grow and a substantial outdoor footprint. The renovated basement adds functional living space. While built in 1962, its assessed value consistently places it in the top tiers for its street and area, indicating a perception of above-average worth.
This property would suit buyers prioritizing interior and land space over a brand-new build. It’s ideal for a family seeking a home that physically stands out in the neighbourhood without the premium of a modern custom property. A thoughtful perspective is its potential for an investor or long-term resident looking for a property with a strong, established proportional value—its assessed value has historically tracked well above area averages, suggesting a solid foundation in its local market context. The detached garage is a practical asset for storage, hobbies, or vehicle protection.
Section 2: Frequently Asked Questions
1. How does the home’s size compare practically?
The living area is more than double the Glenwood neighbourhood average (~1,015 sqft) and is larger than the Winnipeg city-wide average. This means notably more room for family living, home offices, or entertainment compared to typical area listings.
2. What does the assessed value ranking indicate?
Ranking in the top 8-9% for assessed value in Glenwood and on its street suggests the property is officially valued much higher than most comparable homes nearby. This often correlates with higher property taxes but also reflects a history of being a premium offering in its specific market.
3. Is the 1962 build date a concern?
The year built is above average for the street and neighbourhood, where many homes are from the 1940s and 50s. While not new, it is a younger structure than many surrounding properties. A pre-purchase inspection is always recommended to understand the condition of major systems and the roof.
4. What is the history of sold prices?
Public data shows previous sales in 2017 and 2019, with prices that ranked in the top 10-18% for the area at those times. This consistency supports the pattern of it being a higher-value home within Glenwood. Exact sale prices are available upon request from the listing source.
5. Who are the most relevant comparable properties?
The most meaningful comparisons are on Fifth Avenue itself and within Glenwood, where its size and value are exceptional. City-wide comparisons are less relevant, as its primary appeal is its standout proportion within a well-established, mature neighbourhood.