Property Overview
98 Imperial Avenue is a compact, one-storey home in Winnipeg's Glenwood neighbourhood. Built in 1928, its key characteristic is its modest 691 sqft living area, which is smaller than most homes on its street, in the area, and city-wide. However, it sits on a roughly average-sized lot for the locale (4,588 sqft) and its assessed value is typical for Glenwood. The home features a renovated basement and a detached garage.
Its appeal lies in its efficiency and affordability within an established neighbourhood. It represents a lower barrier to entry for homeownership, potentially appealing to first-time buyers, downsizers, or investors seeking a manageable property. A thoughtful perspective is that a smaller, well-maintained home on a decent lot can offer a simpler lifestyle with lower utility and maintenance costs, while still providing the stability of owning land in a mature community. The renovated basement also adds functional space beyond the main floor square footage.
This property would best suit practical buyers who prioritize location and lot size over interior space, and who are comfortable with a home that has a vintage character. It is less suited for those requiring multiple bedrooms or expansive living areas.
Frequently Asked Questions
1. Is the living space too small?
At 691 sqft, the living area is below average for the area. It's a compact layout best for individuals, couples, or those comfortable with efficient use of space. The renovated basement provides additional usable area.
2. How does the assessed value compare?
The assessed value is around the average for both Imperial Avenue and the broader Glenwood neighbourhood, suggesting it is priced consistently with local norms, despite the smaller living area.
3. What is the significance of the lot size?
The lot is a standard size for Glenwood. For the right buyer, this offers valuable outdoor space and potential that is not reflected in the home's interior square footage, which can be a trade-off in older neighbourhoods.
4. What should I consider about the age of the home?
Built in 1928, the home is older than most in the city. Prospective buyers should factor in the potential for age-related maintenance and updates, while also appreciating the character and established location that come with an older property.
5. Are recent sale prices available?
A sale was recorded in February 2024. For precise sale price history, you can request the exact data via email from the listing source, as public records may show ranges.