Property Overview: 95 Fifth Avenue, Glenwood, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1942, situated on a notably generous lot in Winnipeg's Glenwood neighbourhood. With 732 sqft of living space, the home is smaller than most comparable properties in the area, city, and even on its own street. However, its appeal is anchored in its above-average land size of 6,112 sqft, which ranks in the top 9% for the Glenwood area, offering significant outdoor space and potential. The home features a renovated basement and a detached garage. Its assessed value is very modest and sits around the average for its immediate locale.
The property suits practical, value-oriented buyers. It's ideal for a first-time homeowner comfortable with a smaller interior footprint who prioritizes a large yard for gardening, pets, or future expansion. It could also appeal to an investor looking for a land-value play with a rentable dwelling. A less obvious perspective is that this home represents a truly affordable entry point into a mature neighbourhood, where the value proposition shifts from interior square footage to exterior potential and location stability.
Frequently Asked Questions
1. Is the house too small for a family?
While the living area is below average, the renovated basement adds functional space. The large lot is a major compensating feature, providing room for children to play or for adding a deck or patio to extend living space outdoors.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's smaller size, age, and the specific market values within Glenwood and on Fifth Avenue. It indicates a more affordable price point compared to the Winnipeg average, not necessarily the condition.
3. What does the large land area mean for me?
Beyond a big yard, it offers future flexibility. You have room for significant landscaping, a large garden, storage sheds, or even the potential for additions (subject to zoning and permit approvals). In its neighbourhood, this lot size is a standout feature.
4. The home is 84 years old. What should I be concerned about?
While the basement has been renovated, a home of this age will have core systems (like plumbing, electrical, and the roof) that require a thorough inspection. Its maintenance history will be a key factor in its overall condition.
5. How does this property compare to others on the same street?
It has a larger-than-typical lot for the street but a smaller living area. Its assessed value and year built are generally in line with neighbouring properties, suggesting it fits the local character while offering a unique advantage in outdoor space.