Property Overview
This one-and-a-half storey home on Humboldt Avenue in Winnipeg's Glenwood neighborhood presents a practical opportunity. Built in 1949, it features 1,045 square feet of living space and a renovated basement, sitting on a standard city lot with a detached garage. The data suggests it is a consistently average to above-average performer within its immediate area for key metrics like living area, assessed value, and year built. Its appeal lies in its established location, recent basement update, and its position as a solid, no-frills property that avoids the extremes of being the smallest, oldest, or most expensive on the block. This home would suit a first-time buyer looking for a manageable entry into the market, or an investor seeking a straightforward rental property with recent improvements to the lower level. It’s a home for those who value neighborhood character over new construction and appreciate a house that represents a middle ground in its community.
Frequently Asked Questions
What does the "above average" ranking for living area on the street mean?
It means that compared to other homes on Humboldt Avenue, this house has more living space than roughly 74% of them. While it's about average for the broader Glenwood area, it offers a bit more room than most of its direct neighbors.
Is the assessed value the same as the market value?
No. The assessed value (listed as $30,20k) is for municipal tax purposes. Market value is determined by what a buyer is willing to pay in the current market, which can be higher or lower. The recent sale history and comparable listings are better indicators of market value.
The home was built in 1949. What should I expect?
While the basement has been renovated, the main structure is from the post-war era. Buyers should budget for potential updates to major aging components like the roof, windows, or plumbing, and consider an inspection to understand the condition of original elements.
How useful is the detached garage?
A detached garage offers valuable storage or workshop space and keeps vehicles off the street. However, it is less convenient for accessing your vehicle in winter compared to an attached garage, which is a practical consideration for Winnipeg's climate.
The data shows it's "around average" in many categories. Is that a good thing?
This can be a strength. It suggests the property is unlikely to be over-improved for the area or have unusual drawbacks that make it an outlier. It represents a stable, predictable investment that aligns with neighborhood norms, which can simplify both financing and future resale.