Property Overview
This one-storey home at 92 Imperial Avenue in Winnipeg's Glenwood neighbourhood presents a specific and practical value proposition. Its key appeal lies in offering a renovated basement and a larger-than-average lot for the immediate area, all at a very accessible price point reflected in its assessed value. The home itself is compact at 700 sq ft, placing it below average in size for the city, but it sits on a 5,097 sq ft lot, which is notably larger than many of its neighbours. Built in 1946, it is a classic post-war bungalow.
The property would suit first-time buyers, downsizers, or investors seeking an entry into the market with a manageable footprint and clear, usable outdoor space. Its appeal is grounded in practicality and potential rather than luxury. A thoughtful perspective is that this home represents a "land-value play" in a mature neighbourhood; the lot size offers future flexibility (like expansion or gardening) that is uncommon for homes in this price bracket. The renovated basement adds immediate functional living space, offsetting the smaller main floor area. It’s a home for those who prioritize space outside and a solid foundation over a large interior.
Frequently Asked Questions
1. Is the house particularly small?
Yes. With 700 sq ft of living area, the home is smaller than most in Winnipeg. However, the renovated basement provides additional finished space, and the property compensates with a lot that is over 5,000 sq ft, which is generous for the street.
2. How does the assessed value compare?
The assessed value is around average for Glenwood and on Imperial Avenue itself. This suggests the property is priced consistently with its immediate locale, with the lot size likely balancing the smaller building size in the assessment.
3. What is the neighbourhood like?
Glenwood is a mature, established neighbourhood. The provided data shows homes here have a wide range of sizes and ages, indicating a mix of original and updated properties. The lot size at 92 Imperial is above average for the street, suggesting a slightly more spacious setting.
4. Has the property value increased?
Based on the sold price ranges shown, the property's selling price has trended upward from the $25k range in 2016 to the $30k range in 2020. For exact historical sold prices, you must request the data via email from the source.
5. What are the less obvious points to consider?
Two key factors are the age (80 years) which implies a need for diligent maintenance on core systems, and the dynamic of a smaller house on a larger lot. This could be a long-term advantage for expansion or simply outdoor enjoyment, but it also means a significant portion of the property's value is in the land itself.